YETI (YETI) to Release Quarterly Earnings on Thursday

YETI (NYSE:YETI) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. YETI has set its FY24 guidance at $2.61-$2.65 EPS and its FY 2024 guidance at 2.610-2.650 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. YETI had a return on equity of 28.83% and a net margin of 10.66%. The business had revenue of $463.50 million for the quarter, compared to the consensus estimate of $452.42 million. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. On average, analysts expect YETI to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

YETI Stock Up 0.2 %

Shares of NYSE:YETI opened at $35.73 on Thursday. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. YETI has a 52-week low of $33.88 and a 52-week high of $54.15. The stock’s fifty day simple moving average is $39.23 and its 200-day simple moving average is $39.14. The company has a market capitalization of $3.02 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.04 and a beta of 2.11.

Wall Street Analyst Weigh In

YETI has been the topic of several recent analyst reports. B. Riley increased their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Roth Mkm increased their target price on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Monday, September 30th. Citigroup reduced their target price on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, TD Cowen increased their target price on YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.77.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.