Genesco (GCO) Earns News Sentiment Rating of -0.03
Press coverage about Genesco (NYSE:GCO) has trended somewhat negative recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Genesco earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 48.0429714159481 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Genesco (GCO) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Genesco (GCO) Downgraded to D at TheStreet (americanbankingnews.com)
- Genesco (GCO) Q3 2018 Earnings Conference Call Transcript (finance.yahoo.com)
- Estepa Announces Retirement Plans (finance.yahoo.com)
- Genesco Inc. (GCO) Dropped After Q3 Miss (rttnews.com)
Genesco (GCO) traded up $0.05 during midday trading on Friday, reaching $28.75. 487,900 shares of the company’s stock traded hands, compared to its average volume of 422,526. Genesco has a 1 year low of $20.90 and a 1 year high of $72.00. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29. The company has a market cap of $571.68, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38.
Genesco (NYSE:GCO) last posted its earnings results on Friday, December 1st. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.92% and a negative net margin of 4.24%. The firm had revenue of $716.80 million during the quarter, compared to the consensus estimate of $706.58 million. During the same quarter last year, the company posted $1.28 EPS. Genesco’s revenue for the quarter was up .8% on a year-over-year basis. equities research analysts anticipate that Genesco will post 3.07 earnings per share for the current year.
A number of equities research analysts recently weighed in on the stock. TheStreet downgraded shares of Genesco from a “c-” rating to a “d” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Genesco from a “hold” rating to a “sell” rating in a research report on Tuesday. Piper Jaffray Companies set a $35.00 target price on shares of Genesco and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Jefferies Group set a $48.00 target price on shares of Genesco and gave the stock a “hold” rating in a research report on Saturday, August 19th. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $30.00 target price on shares of Genesco in a research report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.29.
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Genesco Company Profile
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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