Zacks: Analysts Expect Buckle Inc (BKE) to Announce $0.34 EPS
Equities analysts expect that Buckle Inc (NYSE:BKE) will report earnings per share of $0.34 for the current quarter, Zacks reports. Two analysts have made estimates for Buckle’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.31. Buckle posted earnings of $0.48 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 29.2%. The firm is expected to report its next quarterly earnings results on Friday, May 19th.
According to Zacks, analysts expect that Buckle will report full year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.81. For the next year, analysts anticipate that the firm will report earnings of $1.50 per share, with EPS estimates ranging from $1.33 to $1.68. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Buckle.
Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, March 10th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.04. Buckle had a net margin of 11.32% and a return on equity of 27.17%. The firm earned $280 million during the quarter, compared to analysts’ expectations of $289.44 million. During the same period last year, the company earned $1.13 EPS. The business’s quarterly revenue was down 15.7% on a year-over-year basis.
Separately, Deutsche Bank AG raised shares of Buckle from a “sell” rating to a “hold” rating and boosted their target price for the stock from $15.00 to $16.00 in a research report on Friday, April 7th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.00.
Buckle (NYSE:BKE) traded down 0.79% during mid-day trading on Tuesday, hitting $18.80. 408,339 shares of the stock traded hands. The firm’s 50-day moving average is $18.05 and its 200-day moving average is $21.23. The company has a market cap of $905.73 million, a price-to-earnings ratio of 9.26 and a beta of 1.08. Buckle has a 12-month low of $16.00 and a 12-month high of $31.47.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Thursday, April 13th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.32%. Buckle’s payout ratio is currently 41.49%.
Several hedge funds and other institutional investors have recently bought and sold shares of BKE. FMR LLC boosted its position in Buckle by 12.7% in the fourth quarter. FMR LLC now owns 7,292,000 shares of the company’s stock worth $166,258,000 after buying an additional 820,200 shares during the last quarter. Baird Financial Group Inc. boosted its position in Buckle by 4.8% in the fourth quarter. Baird Financial Group Inc. now owns 78,989 shares of the company’s stock worth $1,801,000 after buying an additional 3,612 shares during the last quarter. Comerica Bank boosted its position in Buckle by 5.8% in the fourth quarter. Comerica Bank now owns 29,765 shares of the company’s stock worth $640,000 after buying an additional 1,637 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Buckle during the fourth quarter worth approximately $669,000. Finally, BlackRock Investment Management LLC boosted its position in Buckle by 1.8% in the third quarter. BlackRock Investment Management LLC now owns 126,457 shares of the company’s stock worth $3,039,000 after buying an additional 2,253 shares during the last quarter. 60.79% of the stock is currently owned by institutional investors and hedge funds.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
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