Genesco (NYSE:GCO) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $4.10-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.05.

Shares of Genesco stock opened at $48.82 on Monday. Genesco has a twelve month low of $31.65 and a twelve month high of $50.73. The company has a quick ratio of 0.28, a current ratio of 1.34 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $39.11 and a 200-day moving average price of $39.75. The firm has a market cap of $732.24 million, a price-to-earnings ratio of 14.88, a PEG ratio of 2.30 and a beta of 0.49.

Genesco (NYSE:GCO) last posted its earnings results on Friday, December 6th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. Genesco had a positive return on equity of 10.97% and a negative net margin of 1.74%. The company had revenue of $537.30 million for the quarter, compared to the consensus estimate of $540.64 million. During the same period in the previous year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts expect that Genesco will post 4.25 EPS for the current fiscal year.

GCO has been the topic of several recent research reports. Zacks Investment Research cut Genesco from a strong-buy rating to a hold rating in a report on Monday, November 11th. Pivotal Research raised shares of Genesco from a hold rating to a buy rating and raised their target price for the company from $40.00 to $48.00 in a report on Monday, September 9th. Finally, Susquehanna Bancshares reissued a buy rating and issued a $56.00 target price on shares of Genesco in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $50.33.

About Genesco

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, 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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