GAP (GAP) Set to Announce Quarterly Earnings on Thursday

GAP (NYSE:GAP) will release its earnings data after the market closes on Thursday, November 21st. Analysts expect GAP to post earnings of $0.57 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

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

GAP Stock Up 2.0 %

Shares of NYSE:GAP opened at $22.34 on Thursday. The stock has a market capitalization of $8.41 billion, a P/E ratio of 11.06, 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 52 week low of $13.43 and a 52 week high of $30.75. The firm has a fifty day simple moving average of $21.16.

GAP Announces Dividend

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

Insider Transactions at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 31.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 target price on shares of GAP in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, Argus raised GAP to a “hold” rating in a research report on Thursday, September 19th.

About GAP

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.