Macy’s (M) Scheduled to Post Earnings on Tuesday

Macy’s (NYSE:M) is scheduled to announce its earnings results before the market opens on Tuesday, November 26th. Persons interested in participating in the company’s earnings conference call can do so using this link.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, August 21st. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.30 by $0.23. Macy’s had a return on equity of 23.14% and a net margin of 0.80%. The business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue 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 Price Performance

M stock opened at $16.30 on Friday. The firm has a 50 day moving average of $15.45 and a 200-day moving average of $16.83. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $4.52 billion, a P/E ratio of 25.47 and a beta of 2.11. Macy’s has a 12 month low of $14.06 and a 12 month high of $22.10.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.1737 per share. This represents a $0.69 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Friday, December 13th. Macy’s’s payout ratio is 107.81%.

Wall Street Analysts Forecast Growth

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

Macy’s Company Profile

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.