Tiffany & Co. (TIF) Releases FY19 Earnings Guidance

Tiffany & Co. (NYSE:TIF) updated its FY19 earnings guidance on Friday. The company provided earnings per share guidance of $4.25-4.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.42. The company issued revenue guidance of mid single digits (cons +4.8%), compared to the consensus revenue estimate of $4.37 billion.

A number of research firms have recently issued reports on TIF. Oppenheimer restated a buy rating on shares of Tiffany & Co. in a research report on Wednesday, January 24th. Credit Suisse Group assumed coverage on shares of Tiffany & Co. in a research report on Monday, March 12th. They issued an outperform rating and a $120.00 price objective on the stock. Loop Capital upgraded shares of Tiffany & Co. from a hold rating to a buy rating and set a $113.00 price objective on the stock in a research report on Thursday. Cowen reiterated a buy rating and issued a $110.00 price objective on shares of Tiffany & Co. in a research report on Monday, March 19th. Finally, Wells Fargo reiterated a hold rating on shares of Tiffany & Co. in a research report on Wednesday, January 17th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Tiffany & Co. currently has a consensus rating of Buy and an average price target of $107.47.

How to Become a New Pot Stock Millionaire

Shares of TIF stock traded down $2.54 during midday trading on Friday, reaching $95.58. 2,686,836 shares of the company were exchanged, compared to its average volume of 2,425,521. Tiffany & Co. has a 12 month low of $84.15 and a 12 month high of $111.44. The company has a market capitalization of $11,878.40, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.95 and a beta of 1.77. The company has a current ratio of 5.50, a quick ratio of 2.39 and a debt-to-equity ratio of 0.27.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Friday, March 16th. The specialty retailer reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.04. Tiffany & Co. had a net margin of 8.87% and a return on equity of 16.32%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $1.45 EPS. Tiffany & Co.’s revenue was up 8.5% on a year-over-year basis. equities research analysts predict that Tiffany & Co. will post 4.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Tuesday, March 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. Tiffany & Co.’s dividend payout ratio is currently 48.43%.

In other news, insider Andrew W. Hart sold 40,251 shares of Tiffany & Co. stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $109.22, for a total value of $4,396,214.22. Following the transaction, the insider now owns 22,369 shares of the company’s stock, valued at approximately $2,443,142.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Roger N. Farah acquired 10,000 shares of the stock in a transaction dated Tuesday, March 27th. The stock was acquired at an average cost of $97.66 per share, for a total transaction of $976,600.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 77,000 shares of company stock worth $7,437,830 and sold 139,636 shares worth $14,979,843. Insiders own 1.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Tiffany & Co. (TIF) Releases FY19 Earnings Guidance” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/08/tiffany-co-tif-releases-fy19-earnings-guidance.html.

Tiffany & Co. Company Profile

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, eyewear, fragrances, and other accessories; and wholesales diamonds and earnings.

Earnings History and Estimates for Tiffany & Co. (NYSE:TIF)

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply