Foot Locker, Inc. (FL) Set to Announce Earnings on Thursday
Foot Locker, Inc. (NYSE:FL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 16th.
Foot Locker (NYSE:FL) last released its quarterly earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.28). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.80 billion. Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. Foot Locker’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. On average, analysts expect Foot Locker to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Foot Locker, Inc. (NYSE:FL) opened at $30.00 on Wednesday. The stock has a market capitalization of $3,762.09, a PE ratio of 6.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.88 and a current ratio of 5.63. Foot Locker, Inc. has a 12 month low of $28.42 and a 12 month high of $79.43.
FL has been the subject of a number of analyst reports. ValuEngine downgraded Foot Locker from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barclays PLC set a $80.00 price target on Foot Locker and gave the company a “buy” rating in a research note on Saturday, August 5th. Morgan Stanley reiterated an “overweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Foot Locker in a research note on Tuesday, August 29th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Foot Locker in a research note on Tuesday, August 15th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and set a $52.00 price target (down previously from $66.00) on shares of Foot Locker in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $59.97.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/15/foot-locker-inc-fl-set-to-announce-earnings-on-thursday.html.
About Foot Locker
Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.
Receive News & Stock Ratings for Foot Locker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foot Locker Inc. and related stocks with our FREE daily email newsletter.