DSW (DSW) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS
DSW (NYSE:DSW) announced its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11, Bloomberg Earnings reports. DSW had a net margin of 3.13% and a return on equity of 11.43%. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $728.46 million. During the same quarter in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. DSW updated its FY19 guidance to $1.52-1.67 EPS.
DSW (DSW) opened at $21.70 on Wednesday. The firm has a market cap of $1,567.94, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.95 and a beta of 0.74. DSW has a one year low of $15.14 and a one year high of $22.72.
Several equities analysts have recently issued reports on the stock. B. Riley set a $22.00 price target on shares of DSW and gave the company a “hold” rating in a report on Wednesday. Canaccord Genuity set a $20.00 price target on shares of DSW and gave the company a “hold” rating in a report on Tuesday, March 6th. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, February 2nd. Susquehanna Bancshares raised shares of DSW from a “neutral” rating to a “positive” rating and set a $23.00 price target for the company in a report on Thursday, November 16th. Finally, Buckingham Research boosted their price target on shares of DSW from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $21.00.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/03/14/dsw-dsw-posts-quarterly-earnings-results-beats-estimates-by-0-11-eps.html.
DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.