Q1 2019 Earnings Estimate for Nordstrom, Inc. (JWN) Issued By KeyCorp
Nordstrom, Inc. (NYSE:JWN) – Equities research analysts at KeyCorp raised their Q1 2019 earnings estimates for shares of Nordstrom in a report issued on Thursday. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will post earnings per share of $0.44 for the quarter, up from their prior estimate of $0.41. KeyCorp currently has a “Outperform” rating on the stock. KeyCorp also issued estimates for Nordstrom’s Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $1.38 EPS and FY2019 earnings at $3.44 EPS.
Nordstrom (NYSE:JWN) last announced its quarterly earnings data on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.04). The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.57 billion. Nordstrom had a return on equity of 60.72% and a net margin of 2.86%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 earnings per share.
Shares of Nordstrom (NYSE JWN) opened at $53.04 on Monday. The firm has a market capitalization of $8,857.68, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81. Nordstrom has a twelve month low of $37.79 and a twelve month high of $54.00. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74.
Several institutional investors and hedge funds have recently modified their holdings of JWN. San Francisco Sentry Investment Group CA grew its position in shares of Nordstrom by 1,752.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 2,190 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Nordstrom in the 4th quarter valued at approximately $115,000. Cerebellum GP LLC acquired a new position in shares of Nordstrom in the 4th quarter valued at approximately $131,000. Calton & Associates Inc. acquired a new position in shares of Nordstrom in the 4th quarter valued at approximately $153,000. Finally, Tiedemann Wealth Management LLC grew its position in shares of Nordstrom by 15.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,600 shares of the specialty retailer’s stock valued at $219,000 after purchasing an additional 1,418 shares during the period. Institutional investors and hedge funds own 58.06% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Monday, March 5th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.79%. Nordstrom’s dividend payout ratio is presently 57.36%.
Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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