GAP (NYSE:GPS) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.55-2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.56. GAP also updated its FY 2018 guidance to $2.55-2.60 EPS.

A number of research analysts have commented on GPS shares. B. Riley dropped their price objective on shares of GAP from $35.00 to $33.00 and set a neutral rating on the stock in a research note on Friday, August 24th. Guggenheim reissued a hold rating on shares of GAP in a report on Friday, August 24th. Zacks Investment Research downgraded shares of GAP from a buy rating to a hold rating in a report on Tuesday, August 21st. Wedbush started coverage on shares of GAP in a report on Friday, August 10th. They issued a neutral rating and a $32.00 price target on the stock. Finally, Citigroup raised shares of GAP from a sell rating to a neutral rating and set a $28.00 price target on the stock in a report on Monday, August 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. GAP has an average rating of Hold and a consensus price target of $32.26.

NYSE GPS traded down $0.78 on Tuesday, hitting $24.66. 7,508,626 shares of the company were exchanged, compared to its average volume of 5,067,293. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.12 and a beta of 0.71. GAP has a 1-year low of $24.25 and a 1-year high of $35.68. The company has a quick ratio of 1.02, a current ratio of 1.96 and a debt-to-equity ratio of 0.37.

GAP (NYSE:GPS) last posted its earnings results on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. GAP had a return on equity of 29.25% and a net margin of 5.43%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the business earned $0.58 EPS. GAP’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts expect that GAP will post 2.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 9th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 3.93%. The ex-dividend date is Tuesday, January 8th. GAP’s payout ratio is 45.54%.

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About GAP

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Earnings History and Estimates for GAP (NYSE:GPS)

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