Hot Topic (HOTT) Updates Q4 Earnings Guidance
Hot Topic (HOTT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.23-0.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.25. Hot Topic also updated its FY14 guidance to +30-35% YoY EPS.
Hot Topic (HOTT) traded up 0.93% on Wednesday, hitting $9.72. Hot Topic (HOTT) has a 1-year low of $6.44 and a 1-year high of $10.73. The stock’s 50-day moving average is currently $9.62. The company has a market cap of $411.3 million and a price-to-earnings ratio of 25.34.
Hot Topic last announced its earnings results on Wednesday, November 14th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01. The company had revenue of $179.40 million for the quarter, compared to the consensus estimate of $184.65 million. Analysts expect that Hot Topic (HOTT) will post $0.42 EPS for the current fiscal year.
A number of research firms have also recently commented on HOTT. Analysts at Piper Jaffray upgraded shares of Hot Topic from a neutral rating to an overweight rating in a research note to investors on Thursday, November 15th. They now have a $11.00 price target on the stock. Analysts at Zacks downgraded shares of Hot Topic from an outperform rating to a neutral rating in a research note to investors on Thursday, October 18th. They now have a $10.00 price target on the stock.
Hot Topic, Inc. is a mall and Web-based specialty retailer operating the Hot Topic and Torrid concepts, as well as the e-space music concept, ShockHound.
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