Fossil Group Inc (NASDAQ:FOSL) Expected to Post Earnings of -$0.07 Per Share
Equities analysts expect Fossil Group Inc (NASDAQ:FOSL) to post ($0.07) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Fossil Group’s earnings, with estimates ranging from ($0.19) to $0.05. Fossil Group reported earnings per share of $0.17 in the same quarter last year, which would suggest a negative year over year growth rate of 141.2%. The company is expected to report its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Fossil Group will report full year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.87. For the next year, analysts anticipate that the firm will report earnings of $0.49 per share, with EPS estimates ranging from ($0.41) to $1.39. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Fossil Group.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings results on Wednesday, May 8th. The accessories brand company reported ($0.42) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.11. Fossil Group had a net margin of 1.34% and a return on equity of 8.88%. The firm had revenue of $465.30 million during the quarter, compared to analyst estimates of $453.97 million. During the same quarter in the prior year, the business posted ($0.99) earnings per share. The company’s quarterly revenue was down 18.3% compared to the same quarter last year.
In other news, EVP Martin Frey acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $9.70 per share, with a total value of $48,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. United Services Automobile Association grew its stake in shares of Fossil Group by 9.3% during the fourth quarter. United Services Automobile Association now owns 11,045 shares of the accessories brand company’s stock valued at $174,000 after purchasing an additional 943 shares during the last quarter. FMR LLC grew its stake in shares of Fossil Group by 0.5% during the fourth quarter. FMR LLC now owns 7,417,523 shares of the accessories brand company’s stock valued at $116,677,000 after purchasing an additional 40,142 shares during the last quarter. Triad Investment Management grew its stake in shares of Fossil Group by 0.6% during the first quarter. Triad Investment Management now owns 147,505 shares of the accessories brand company’s stock valued at $2,024,000 after purchasing an additional 838 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Fossil Group by 9.4% during the first quarter. Alps Advisors Inc. now owns 45,604 shares of the accessories brand company’s stock valued at $626,000 after purchasing an additional 3,923 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fossil Group by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,715,698 shares of the accessories brand company’s stock valued at $26,989,000 after purchasing an additional 169,086 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:FOSL traded down $0.27 during mid-day trading on Monday, hitting $10.34. The company’s stock had a trading volume of 1,030,800 shares, compared to its average volume of 1,471,083. Fossil Group has a fifty-two week low of $9.46 and a fifty-two week high of $29.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.99 and a quick ratio of 1.22. The firm has a market cap of $528.07 million, a P/E ratio of 13.26 and a beta of 0.55. The company has a fifty day simple moving average of $10.91.
About Fossil Group
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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