Genesco (GCO) Expected to Announce Earnings on Friday

Genesco (NYSE:GCO) is anticipated to announce its earnings results before the market opens on Friday, March 7th. Analysts expect the company to announce earnings of $3.31 per share and revenue of $780.43 million for the quarter. Genesco has set its FY 2025 guidance at 0.800-1.000 EPS and its FY25 guidance at $0.80-1.00 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The firm had revenue of $596.30 million for the quarter, compared to analyst estimates of $577.73 million. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts expect Genesco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Genesco Trading Down 1.0 %

Shares of GCO opened at $32.63 on Thursday. Genesco has a 12-month low of $23.21 and a 12-month high of $44.80. The firm has a market capitalization of $365.87 million, a price-to-earnings ratio of -13.43 and a beta of 2.35. The stock’s 50-day moving average price is $40.30 and its 200 day moving average price is $34.27. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19.

Insider Activity at Genesco

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total transaction of $170,720.00. Following the completion of the transaction, the vice president now directly owns 41,358 shares in the company, valued at $1,765,159.44. This represents a 8.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Genesco from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.