Analysts forecast that Genesco Inc. (NYSE:GCO) will post earnings of ($0.04) per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Genesco’s earnings, with estimates ranging from ($0.05) to $0.00. Genesco posted earnings per share of ($0.10) during the same quarter last year, which would indicate a positive year over year growth rate of 60%. The business is scheduled to issue its next earnings report on Thursday, August 30th.
According to Zacks, analysts expect that Genesco will report full-year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.15 to $3.25. For the next fiscal year, analysts forecast that the firm will report earnings of $3.52 per share, with EPS estimates ranging from $3.50 to $3.55. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Genesco.
Genesco (NYSE:GCO) last issued its quarterly earnings data on Tuesday, June 5th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. Genesco had a positive return on equity of 6.98% and a negative net margin of 3.96%. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $636.37 million. During the same period last year, the company earned $0.05 earnings per share. Genesco’s quarterly revenue was up .2% compared to the same quarter last year.
Several analysts have commented on the company. ValuEngine raised Genesco from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Zacks Investment Research lowered Genesco from a “buy” rating to a “hold” rating in a report on Thursday, June 7th. Pivotal Research set a $44.00 price objective on Genesco and gave the company a “hold” rating in a report on Monday, June 4th. Piper Jaffray Companies lowered Genesco from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $45.90 to $20.90 in a report on Friday, June 1st. They noted that the move was a valuation call. Finally, CL King lowered Genesco from a “buy” rating to a “neutral” rating in a report on Tuesday, May 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.43.
GCO traded down $0.25 during trading on Friday, hitting $41.15. The company’s stock had a trading volume of 1,777 shares, compared to its average volume of 396,246. The company has a current ratio of 2.93, a quick ratio of 0.64 and a debt-to-equity ratio of 0.13. Genesco has a twelve month low of $20.90 and a twelve month high of $45.90. The firm has a market cap of $842.41 million, a P/E ratio of 13.18, a PEG ratio of 1.38 and a beta of 1.03.
In other news, Director Thurgood Marshall, Jr. sold 2,200 shares of Genesco stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $42.31, for a total value of $93,082.00. Following the sale, the director now directly owns 9,281 shares of the company’s stock, valued at $392,679.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.
Large investors have recently modified their holdings of the company. Carillon Tower Advisers Inc. acquired a new position in Genesco during the fourth quarter worth $42,811,000. Legion Partners Asset Management LLC acquired a new position in Genesco during the fourth quarter worth $26,777,000. Royce & Associates LP acquired a new position in Genesco during the fourth quarter worth $11,130,000. Prudential Financial Inc. boosted its stake in Genesco by 50.3% during the first quarter. Prudential Financial Inc. now owns 544,941 shares of the company’s stock worth $22,125,000 after buying an additional 182,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Genesco during the fourth quarter worth $3,824,000.
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.
Get a free copy of the Zacks research report on Genesco (GCO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Genesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco and related companies with MarketBeat.com's FREE daily email newsletter.