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

Macy’s (NYSE:M) will issue its quarterly earnings data before the market opens on Tuesday, November 26th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Macy’s (NYSE:M) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.53 EPS for the quarter, beating 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 firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. 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 Stock Down 1.5 %

NYSE:M opened at $15.26 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 0.34. Macy’s has a 1-year low of $14.06 and a 1-year high of $22.10. The company has a 50-day moving average of $15.40 and a 200 day moving average of $16.93. The firm has a market cap of $4.23 billion, a PE ratio of 23.84 and a beta of 2.11.

Macy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.1737 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 annualized dividend and a dividend yield of 4.55%. Macy’s’s dividend payout ratio is currently 107.81%.

Wall Street Analyst Weigh In

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

About Macy’s

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.