Macy’s Inc (NYSE:M) is scheduled to announce its earnings results before the market opens on Thursday, August 10th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Macy’s has set its FY18 guidance at $2.90-3.15 EPS.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, May 11th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.49 billion. Macy’s had a net margin of 2.26% and a return on equity of 22.37%. The company’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. On average, analysts expect Macy’s to post $3.18 EPS for the current fiscal year and $2.71 EPS for the next fiscal year.

Shares of Macy’s Inc (M) opened at 23.56 on Tuesday. The company has a 50-day moving average of $22.80 and a 200 day moving average of $27.21. Macy’s Inc has a 12-month low of $20.85 and a 12-month high of $45.41. The firm has a market capitalization of $7.17 billion, a PE ratio of 12.71 and a beta of 0.84.

In other Macy’s news, Director William H. Lenehan bought 4,390 shares of the stock in a transaction dated Thursday, June 15th. The stock was bought at an average cost of $22.72 per share, for a total transaction of $99,740.80. Following the completion of the purchase, the director now owns 5,968 shares in the company, valued at approximately $135,592.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Gennette bought 13,085 shares of the stock in a transaction dated Monday, June 12th. The stock was acquired at an average price of $22.95 per share, with a total value of $300,300.75. Following the completion of the purchase, the insider now owns 89,053 shares of the company’s stock, valued at approximately $2,043,766.35. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Macy’s Inc (NYSE:M) to Release Quarterly Earnings on Thursday” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/08/macys-inc-nysem-to-release-quarterly-earnings-on-thursday.html.

Several equities research analysts have recently weighed in on M shares. Goldman Sachs Group, Inc. (The) reduced their price objective on Macy’s from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, June 7th. Vetr raised Macy’s from a “buy” rating to a “strong-buy” rating and set a $30.62 price objective for the company in a research report on Thursday, May 11th. Gordon Haskett started coverage on Macy’s in a research report on Tuesday, May 9th. They issued a “hold” rating and a $29.00 price objective for the company. Bank of America Corporation reduced their price objective on Macy’s from $31.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, June 9th. Finally, BidaskClub raised Macy’s from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.07.

About Macy’s

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

Earnings History for Macy`s (NYSE:M)

Receive News & Ratings for Macy's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's Inc and related companies with MarketBeat.com's FREE daily email newsletter.