Genesco (NYSE:GCO) updated its FY19 earnings guidance on Monday. The company provided EPS guidance of $3.10-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.25.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Genesco from a hold rating to a sell rating in a research report on Monday, December 3rd. TheStreet upgraded shares of Genesco from a c+ rating to a b rating in a research report on Tuesday, January 8th. ValuEngine lowered shares of Genesco from a buy rating to a hold rating in a report on Wednesday, November 21st. Pivotal Research set a $52.00 price objective on shares of Genesco and gave the company a buy rating in a report on Monday, December 17th. Finally, Piper Jaffray Companies set a $41.00 price objective on shares of Genesco and gave the company a hold rating in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $41.78.

Shares of GCO opened at $47.48 on Monday. The company has a quick ratio of 0.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.09. Genesco has a 12-month low of $32.00 and a 12-month high of $51.85. The stock has a market capitalization of $992.46 million, a P/E ratio of 15.12, a PEG ratio of 2.04 and a beta of 0.77.

Genesco (NYSE:GCO) last announced its earnings results on Thursday, December 6th. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.09. The company had revenue of $713.10 million during the quarter, compared to analyst estimates of $712.06 million. Genesco had a net margin of 2.31% and a return on equity of 7.21%. Genesco’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. Equities research analysts anticipate that Genesco will post 3.22 EPS for the current year.

Genesco declared that its Board of Directors has authorized a stock buyback program on Friday, December 14th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the company to reacquire up to 14.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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About Genesco

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Earnings History and Estimates for Genesco (NYSE:GCO)

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