GAP (GAP) to Release Earnings on Thursday

GAP (NYSE:GAP) is set to issue its quarterly earnings data after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

GAP (NYSE:GAP) last posted its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates 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 Down 0.6 %

GAP stock opened at $21.39 on Tuesday. The business’s fifty day moving average is $21.24. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.23 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 twelve month low of $17.51 and a twelve month high of $30.75.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, January 8th. GAP’s payout ratio is presently 29.70%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 31.00% of the company’s stock.

GAP Company Profile

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.