Equities analysts expect that Genesco Inc. (NYSE:GCO) will post earnings per share of $2.32 for the current quarter, according to Zacks. Three analysts have made estimates for Genesco’s earnings. The highest EPS estimate is $2.51 and the lowest is $2.17. Genesco reported earnings per share of $2.15 during the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The business is expected to announce its next quarterly earnings results on Friday, December 1st.

According to Zacks, analysts expect that Genesco will report full year earnings of $3.37 per share for the current financial year, with EPS estimates ranging from $3.28 to $3.50. For the next financial year, analysts expect that the firm will post earnings of $3.52 per share, with EPS estimates ranging from $3.18 to $3.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Genesco.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). Genesco had a net margin of 2.43% and a return on equity of 7.36%. The company had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. During the same period in the prior year, the firm earned $1.28 earnings per share. Genesco’s revenue was up .8% on a year-over-year basis.

Several equities analysts have recently issued reports on the company. Piper Jaffray Companies set a $35.00 price target on Genesco and gave the company a “buy” rating in a research note on Wednesday. Buckingham Research lifted their price target on Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Susquehanna Bancshares reiterated a “hold” rating and issued a $30.00 price target on shares of Genesco in a research note on Tuesday. BidaskClub lowered Genesco from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, UBS lowered Genesco from a “positive” rating to a “neutral” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Genesco has an average rating of “Hold” and an average target price of $33.29.

Shares of Genesco (NYSE GCO) traded down $5.55 on Wednesday, hitting $25.55. The stock had a trading volume of 3,013,982 shares, compared to its average volume of 442,095. Genesco has a one year low of $20.90 and a one year high of $72.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.47 and a current ratio of 2.38. The company has a market cap of $619.48, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36.

In other news, SVP Mimi Eckel Vaughn acquired 10,000 shares of Genesco stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average price of $24.16 per share, for a total transaction of $241,600.00. Following the transaction, the senior vice president now directly owns 87,140 shares of the company’s stock, valued at approximately $2,105,302.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert J. Dennis acquired 25,000 shares of Genesco stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average price of $23.81 per share, for a total transaction of $595,250.00. Following the transaction, the chairman now directly owns 224,935 shares in the company, valued at $5,355,702.35. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. QS Investors LLC bought a new stake in Genesco during the 2nd quarter worth $1,059,000. Citadel Advisors LLC grew its position in Genesco by 369.8% during the 2nd quarter. Citadel Advisors LLC now owns 353,341 shares of the company’s stock worth $11,978,000 after acquiring an additional 278,134 shares during the last quarter. Teachers Advisors LLC grew its position in Genesco by 16.2% during the 2nd quarter. Teachers Advisors LLC now owns 41,924 shares of the company’s stock worth $1,421,000 after acquiring an additional 5,859 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Genesco by 37.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 68,756 shares of the company’s stock worth $2,331,000 after acquiring an additional 18,558 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Genesco by 74.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 95,972 shares of the company’s stock worth $3,253,000 after acquiring an additional 40,834 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

TRADEMARK VIOLATION WARNING: “$2.32 EPS Expected for Genesco Inc. (GCO) This Quarter” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.thecerbatgem.com/2017/12/02/2-32-eps-expected-for-genesco-inc-gco-this-quarter.html.

About Genesco

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

Get a free copy of the Zacks research report on Genesco (GCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Genesco (NYSE:GCO)

Receive News & Stock Ratings for Genesco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco Inc. and related stocks with our FREE daily email newsletter.