Canada Goose Holdings Inc (GOOS) Expected to Announce Quarterly Sales of $260.65 Million
Equities analysts expect Canada Goose Holdings Inc (NYSE:GOOS) to report sales of $260.65 million for the current quarter, Zacks reports. Three analysts have made estimates for Canada Goose’s earnings, with the highest sales estimate coming in at $275.59 million and the lowest estimate coming in at $251.71 million. Canada Goose posted sales of $209.32 million in the same quarter last year, which suggests a positive year over year growth rate of 24.5%. The company is expected to issue its next earnings report on Thursday, February 14th.
On average, analysts expect that Canada Goose will report full-year sales of $602.75 million for the current year, with estimates ranging from $591.48 million to $622.03 million. For the next financial year, analysts anticipate that the business will post sales of $757.29 million, with estimates ranging from $705.54 million to $826.18 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Canada Goose.
Canada Goose (NYSE:GOOS) last announced its earnings results on Wednesday, November 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.16. The company had revenue of $230.30 million during the quarter, compared to analysts’ expectations of $197.99 million. Canada Goose had a net margin of 15.35% and a return on equity of 44.05%. Canada Goose’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share.
Shares of Canada Goose stock traded up $2.11 during trading on Wednesday, reaching $65.29. The company’s stock had a trading volume of 1,116,500 shares, compared to its average volume of 1,191,121. The stock has a market cap of $7.32 billion, a PE ratio of 100.45, a PEG ratio of 2.13 and a beta of 2.21. Canada Goose has a 52 week low of $26.05 and a 52 week high of $72.27. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.73 and a current ratio of 3.91.
A number of institutional investors and hedge funds have recently bought and sold shares of GOOS. First Manhattan Co. bought a new stake in Canada Goose during the second quarter worth about $117,000. Adviser Investments LLC bought a new position in shares of Canada Goose in the second quarter worth about $168,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Canada Goose in the second quarter worth about $208,000. Raymond James & Associates bought a new position in shares of Canada Goose in the second quarter worth about $215,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Canada Goose in the second quarter worth about $215,000. 39.90% of the stock is owned by institutional investors and hedge funds.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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