FIGS (FIGS) to Release Earnings on Thursday

FIGS (NYSE:FIGS) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect FIGS to post earnings of ($0.01) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $144.90 million during the quarter, compared to analyst estimates of $149.09 million. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, analysts expect FIGS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FIGS Price Performance

FIGS opened at $4.86 on Tuesday. FIGS has a 12-month low of $4.37 and a 12-month high of $8.84. The stock has a market capitalization of $824.91 million, a PE ratio of 44.14, a P/E/G ratio of 19.95 and a beta of 1.41. The firm’s fifty day moving average price is $5.06 and its 200 day moving average price is $5.97.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIGS. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 target price on shares of FIGS in a research note on Friday. Bank of America restated an “underperform” rating and set a $4.50 price objective (down previously from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Barclays decreased their target price on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Oppenheimer lowered FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Finally, The Goldman Sachs Group decreased their price objective on shares of FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.94.

Insider Activity

In related news, CFO Daniella Turenshine sold 4,201 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $6.00, for a total value of $25,206.00. Following the sale, the chief financial officer now owns 425,620 shares of the company’s stock, valued at approximately $2,553,720. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 21,787 shares of company stock valued at $122,632. 22.30% of the stock is currently owned by company insiders.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.