Zumiez (ZUMZ) Issues Q2 Earnings Guidance
Zumiez (NASDAQ:ZUMZ) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.04-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.01). The company issued revenue guidance of $213-217 million, compared to the consensus revenue estimate of $202.05 million.
Zumiez stock traded up $0.35 during mid-day trading on Thursday, hitting $27.00. The company had a trading volume of 1,270,678 shares, compared to its average volume of 395,148. The firm has a market capitalization of $681.70 million, a P/E ratio of 24.55, a P/E/G ratio of 0.96 and a beta of 1.05. Zumiez has a 1 year low of $11.43 and a 1 year high of $27.00.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.08). The company had revenue of $308.20 million during the quarter, compared to analysts’ expectations of $301.75 million. Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. sell-side analysts predict that Zumiez will post 1.55 earnings per share for the current year.
In other news, Chairman Thomas D. Campion sold 24,401 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $25.00, for a total transaction of $610,025.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 258,797 shares of company stock worth $6,484,643. Insiders own 27.70% of the company’s stock.
Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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