GAP (GAP) Scheduled to Post Quarterly Earnings on Thursday

GAP (NYSE:GAP) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

GAP (NYSE:GAP) last announced its earnings results on Thursday, August 29th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. GAP had a net margin of 5.05% and a return on equity of 28.89%. On average, analysts expect GAP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

GAP Price Performance

Shares of GAP stock opened at $22.34 on Thursday. The firm has a 50-day moving average price of $21.16. The stock has a market capitalization of $8.41 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.25 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49. GAP has a one year low of $13.43 and a one year high of $30.75.

GAP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.69%. GAP’s dividend payout ratio is currently 29.70%.

Insider Buying and Selling

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GAP has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $26.00 price objective on shares of GAP in a report on Friday, October 11th. Argus upgraded shares of GAP to a “hold” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company decreased their price objective on shares of GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th.

GAP Company Profile

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.