Macy’s (NYSE:M) Releases FY 2025 Earnings Guidance

Macy’s (NYSE:M) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.050-2.250 for the period, compared to the consensus earnings per share estimate of 2.320. The company issued revenue guidance of $21.0 billion-$21.4 billion, compared to the consensus revenue estimate of $21.3 billion.

Wall Street Analyst Weigh In

Several research firms recently weighed in on M. Benchmark upgraded shares of Macy’s to a “strong-buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. downgraded Macy’s from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $14.00 in a research report on Thursday. Morgan Stanley reduced their target price on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 12th. UBS Group dropped their price target on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Finally, Gordon Haskett cut shares of Macy’s from an “accumulate” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.29.

Macy’s Stock Down 0.8 %

Shares of NYSE:M opened at $13.21 on Friday. Macy’s has a 52 week low of $12.60 and a 52 week high of $22.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. The company has a market capitalization of $3.67 billion, a PE ratio of 22.38 and a beta of 2.05. The company has a 50 day moving average price of $15.19 and a two-hundred day moving average price of $15.51.

Macy’s (NYSE:M) last announced its quarterly earnings results on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.25. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. The company had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.76 billion. Analysts forecast that Macy’s will post 2.39 earnings per share for the current year.

Macy’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1824 per share. The ex-dividend date is Friday, March 14th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.53%. This is a positive change from Macy’s’s previous quarterly dividend of $0.17. Macy’s’s dividend payout ratio (DPR) is currently 116.95%.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.