DSW Inc. (DSW) Releases FY13 Earnings Guidance
DSW Inc. (DSW) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.30-3.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.31.
Shares of DSW Inc. (DSW) opened at 62.29 on Tuesday. DSW Inc. (DSW) has a 52 week low of $40.54 and a 52 week high of $69.15. The company has a market cap of $2.782 billion and a P/E ratio of 20.71.
DSW last announced its earnings results on Tuesday, November 20th. The company reported $1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.13. The company had revenue of $592.70 million for the quarter, compared to the consensus estimate of $589.15 million. During the same quarter in 2011, the company posted $0.88 earnings per share. DSW’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that DSW Inc. (DSW) will post $3.31 earnings per share for the current fiscal year.
DSW has been the subject of a number of recent research reports. Analysts at Brean Murray reiterated a buy rating on shares of DSW in a research note to investors on Monday. They now have a $72.00 price target on the stock. On a related note, analysts at JPMorgan Chase initiated coverage on shares of DSW in a research note to investors on Friday, October 19th. They set a neutral rating on the stock. Finally, analysts at Citigroup initiated coverage on shares of DSW in a research note to investors on Friday, October 19th. They set a neutral rating and a $71.00 price target on the stock. They noted that the move was a valuation call.
DSW Inc. (DSW) is a branded footwear specialty retailer. As of January 30, 2010, the Company operated 305 shoe stores in 39 states in the United States.
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