Genesco (GCO) Announces Earnings Results
Genesco (NYSE:GCO) announced its quarterly earnings data on Friday. The company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10), Bloomberg Earnings reports. The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $706.58 million. Genesco had a return on equity of 7.36% and a net margin of 2.43%. Genesco’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. Genesco updated its FY18 guidance to $3.05-3.35 EPS.
Shares of Genesco (NYSE:GCO) opened at $25.55 on Friday. Genesco has a fifty-two week low of $20.90 and a fifty-two week high of $72.00. The company has a current ratio of 2.38, a quick ratio of 0.47 and a debt-to-equity ratio of 0.21. The company has a market cap of $619.48, a P/E ratio of 9.17, a PEG ratio of 0.97 and a beta of 1.36.
A number of equities research analysts have weighed in on the stock. Piper Jaffray Companies set a $35.00 price objective on shares of Genesco and gave the stock a “buy” rating in a report on Wednesday. Buckingham Research upped their price objective on shares of Genesco from $23.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Susquehanna Bancshares restated a “hold” rating and issued a $30.00 price objective on shares of Genesco in a report on Tuesday. BidaskClub cut shares of Genesco from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, UBS cut shares of Genesco from a “positive” rating to a “neutral” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Genesco presently has an average rating of “Hold” and a consensus price target of $33.29.
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Genesco Company Profile
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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