Macy’s (M) to Release Earnings on Tuesday

Macy’s (NYSE:M) is scheduled to release its earnings data before the market opens on Tuesday, November 26th. Individual interested in registering for the company’s earnings conference call can do so using this link.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, August 21st. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.23. Macy’s had a return on equity of 23.14% and a net margin of 0.80%. The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the firm earned $0.26 EPS. Macy’s’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, analysts expect Macy’s to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Macy’s Stock Performance

NYSE:M opened at $15.26 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 1.48. The stock has a 50-day simple moving average of $15.40 and a two-hundred day simple moving average of $16.93. The firm has a market capitalization of $4.23 billion, a PE ratio of 23.84 and a beta of 2.11. Macy’s has a 52-week low of $14.06 and a 52-week high of $22.10.

Macy’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.1737 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.55%. Macy’s’s dividend payout ratio (DPR) is presently 107.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on M. StockNews.com initiated coverage on Macy’s in a research note on Sunday, November 10th. They issued a “hold” rating for the company. Telsey Advisory Group restated a “market perform” rating and set a $21.00 target price on shares of Macy’s in a research report on Wednesday, August 21st. Argus upgraded shares of Macy’s to a “hold” rating in a report on Thursday, October 10th. Finally, Morgan Stanley decreased their price target on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.43.

About Macy’s

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.