Fast Retailing (OTCMKTS:FRCOY) Announces Earnings Results, Beats Expectations By $0.06 EPS

Fast Retailing (OTCMKTS:FRCOY) released its quarterly earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06, Zacks reports.

Fast Retailing Trading Up 0.0%

OTCMKTS FRCOY opened at $53.82 on Thursday. The stock has a 50-day simple moving average of $49.44 and a two-hundred day simple moving average of $43.96. Fast Retailing has a fifty-two week low of $29.25 and a fifty-two week high of $55.65.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Zacks Research lowered Fast Retailing from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein assumed coverage on Fast Retailing in a research note on Tuesday, May 26th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.