Canada Goose Holdings Inc. (NYSE:GOOS) Expected to Announce Earnings of $0.89 Per Share

Brokerages expect that Canada Goose Holdings Inc. (NYSE:GOOS) will report $0.89 earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Canada Goose’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $1.01. Canada Goose reported earnings per share of $0.78 during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The firm is expected to issue its next quarterly earnings results on Thursday, February 3rd.

On average, analysts expect that Canada Goose will report full-year earnings of $1.06 per share for the current year, with EPS estimates ranging from $1.04 to $1.08. For the next fiscal year, analysts forecast that the company will report earnings of $1.45 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Canada Goose.

Canada Goose (NYSE:GOOS) last issued its earnings results on Friday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.18. Canada Goose had a return on equity of 13.63% and a net margin of 5.98%. The company had revenue of $232.90 million for the quarter, compared to analyst estimates of $205.95 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Canada Goose’s revenue for the quarter was up 19.6% on a year-over-year basis.

A number of brokerages have recently weighed in on GOOS. Credit Suisse Group upped their target price on Canada Goose from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. Zacks Investment Research raised Canada Goose from a “hold” rating to a “strong-buy” rating and set a $58.00 price target for the company in a research report on Wednesday, November 10th. CIBC lowered Canada Goose from an “outperform” rating to a “neutral” rating in a research report on Monday, November 8th. They noted that the move was a valuation call. Robert W. Baird increased their price target on Canada Goose from C$65.00 to C$80.00 and gave the company an “outperform” rating in a research report on Monday, November 8th. Finally, TD Securities increased their price target on Canada Goose from C$54.00 to C$60.00 and gave the company a “hold” rating in a research report on Monday, November 8th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $55.50.

Shares of NYSE:GOOS opened at $48.27 on Friday. The company has a quick ratio of 0.86, a current ratio of 2.19 and a debt-to-equity ratio of 0.99. Canada Goose has a twelve month low of $28.10 and a twelve month high of $53.64. The stock’s 50 day moving average is $41.31 and its 200-day moving average is $40.69. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 120.68, a PEG ratio of 1.56 and a beta of 1.61.

A number of large investors have recently made changes to their positions in GOOS. Invesco Ltd. grew its stake in shares of Canada Goose by 3.6% during the 3rd quarter. Invesco Ltd. now owns 5,708 shares of the company’s stock worth $204,000 after acquiring an additional 196 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Canada Goose by 1.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,925 shares of the company’s stock worth $853,000 after acquiring an additional 450 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of Canada Goose by 26.9% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,634 shares of the company’s stock worth $115,000 after acquiring an additional 559 shares during the period. HighTower Advisors LLC grew its stake in shares of Canada Goose by 12.1% during the 3rd quarter. HighTower Advisors LLC now owns 5,746 shares of the company’s stock worth $206,000 after acquiring an additional 620 shares during the period. Finally, State Street Corp grew its stake in shares of Canada Goose by 2.8% during the 2nd quarter. State Street Corp now owns 29,488 shares of the company’s stock worth $1,290,000 after acquiring an additional 810 shares during the period. Hedge funds and other institutional investors own 45.40% of the company’s stock.

About Canada Goose

Canada Goose Holdings, Inc engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The Direct-to-Consumer segment comprises of sales through country-specific e-Commerce platforms and its company-owned retail stores located in luxury shopping locations.

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