Zacks: Brokerages Expect Foot Locker, Inc. (NYSE:FL) to Post $1.07 EPS
Brokerages expect Foot Locker, Inc. (NYSE:FL) to post earnings per share of $1.07 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Foot Locker’s earnings. The highest EPS estimate is $1.10 and the lowest is $1.02. Foot Locker posted earnings per share of $0.95 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The company is expected to announce its next earnings results on Tuesday, November 19th.
According to Zacks, analysts expect that Foot Locker will report full-year earnings of $4.93 per share for the current fiscal year, with EPS estimates ranging from $4.78 to $5.06. For the next year, analysts anticipate that the firm will post earnings of $5.21 per share, with EPS estimates ranging from $4.78 to $5.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Foot Locker.
Foot Locker (NYSE:FL) last posted its quarterly earnings results on Friday, August 23rd. The athletic footwear retailer reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. Foot Locker had a net margin of 6.51% and a return on equity of 21.05%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $0.75 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis.
Shares of Foot Locker stock traded down $0.85 during trading hours on Monday, reaching $40.51. The company’s stock had a trading volume of 180,671 shares, compared to its average volume of 3,444,635. The company’s 50 day simple moving average is $39.19 and its 200 day simple moving average is $49.06. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.99 and a current ratio of 1.99. Foot Locker has a one year low of $33.12 and a one year high of $68.00. The stock has a market cap of $4.54 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 0.85 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.75%. Foot Locker’s dividend payout ratio (DPR) is presently 32.27%.
In related news, Director Matthew M. Mckenna sold 7,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $40.53, for a total value of $283,710.00. Following the sale, the director now owns 26,862 shares of the company’s stock, valued at approximately $1,088,716.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in FL. GAM Holding AG grew its stake in shares of Foot Locker by 97.5% in the 1st quarter. GAM Holding AG now owns 38,994 shares of the athletic footwear retailer’s stock worth $2,363,000 after purchasing an additional 19,248 shares during the last quarter. BP PLC acquired a new position in shares of Foot Locker in the 1st quarter worth approximately $1,454,000. Horizon Investments LLC acquired a new position in shares of Foot Locker in the 1st quarter worth approximately $292,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Foot Locker by 35.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,806 shares of the athletic footwear retailer’s stock worth $715,000 after purchasing an additional 3,079 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Foot Locker by 49.8% in the 1st quarter. MML Investors Services LLC now owns 12,798 shares of the athletic footwear retailer’s stock worth $776,000 after purchasing an additional 4,257 shares during the last quarter. 97.69% of the stock is currently owned by hedge funds and other institutional investors.
About Foot Locker
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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