Brokerages expect that Michaels Companies Inc (NASDAQ:MIK) will report $1.45 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Michaels Companies’ earnings. The lowest EPS estimate is $1.40 and the highest is $1.52. Michaels Companies reported earnings per share of $1.19 in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.8%. The firm is expected to announce its next earnings report on Thursday, March 28th.

On average, analysts expect that Michaels Companies will report full-year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.57. For the next year, analysts forecast that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.45 to $2.74. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Michaels Companies.

Michaels Companies (NASDAQ:MIK) last released its quarterly earnings data on Thursday, December 6th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Michaels Companies had a negative return on equity of 24.35% and a net margin of 6.35%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share.

A number of research firms recently issued reports on MIK. ValuEngine cut Michaels Companies from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 26th. BidaskClub cut Michaels Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Deutsche Bank reduced their price objective on Michaels Companies from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, August 31st. Wells Fargo & Co reissued a “hold” rating and set a $19.00 price objective (down previously from $20.00) on shares of Michaels Companies in a research report on Thursday, August 30th. Finally, Zacks Investment Research cut Michaels Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.67.

MIK traded down $0.67 during trading on Friday, reaching $15.65. 3,916,817 shares of the stock traded hands, compared to its average volume of 2,058,009. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.87 and a beta of 1.04. Michaels Companies has a fifty-two week low of $14.82 and a fifty-two week high of $27.87.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Michaels Companies by 0.9% in the second quarter. BlackRock Inc. now owns 9,456,390 shares of the specialty retailer’s stock worth $181,279,000 after buying an additional 85,558 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Michaels Companies by 7.8% in the third quarter. Alliancebernstein L.P. now owns 4,718,062 shares of the specialty retailer’s stock worth $76,574,000 after purchasing an additional 341,551 shares during the period. FMR LLC increased its stake in shares of Michaels Companies by 835.3% in the second quarter. FMR LLC now owns 2,431,302 shares of the specialty retailer’s stock worth $46,609,000 after purchasing an additional 2,171,363 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Michaels Companies by 16.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,985,863 shares of the specialty retailer’s stock worth $32,231,000 after purchasing an additional 285,206 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Michaels Companies by 43.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,957,818 shares of the specialty retailer’s stock worth $31,775,000 after purchasing an additional 591,946 shares during the period.

About Michaels Companies

The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.

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