Zumiez (ZUMZ) Releases Q4 Earnings Guidance
Zumiez (NASDAQ:ZUMZ) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ~$1.02-1.08 for the period, compared to the Thomson Reuters consensus estimate of $1.14. The company issued revenue guidance of $295-301 million, compared to the consensus revenue estimate of $312.27 million.Zumiez also updated its Q4 2018 guidance to $1.02-1.08 EPS.
Shares of ZUMZ opened at $18.32 on Friday. The stock has a market capitalization of $491.50 million, a PE ratio of 13.38, a PEG ratio of 0.91 and a beta of 1.23. Zumiez has a one year low of $17.75 and a one year high of $32.70.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. Zumiez had a net margin of 3.62% and a return on equity of 10.16%. The business had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. During the same quarter last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that Zumiez will post 1.69 earnings per share for the current year.
In other Zumiez news, Director Travis Smith sold 3,193 shares of Zumiez stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $28.85, for a total transaction of $92,118.05. Following the transaction, the director now owns 17,770 shares of the company’s stock, valued at approximately $512,664.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $28.08, for a total transaction of $54,306.72. The disclosure for this sale can be found here. 27.70% of the stock is owned by company insiders.
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 September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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