$2.32 EPS Expected for Genesco Inc. (GCO) This Quarter
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.
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.
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.
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