Fast Retailing (FRCOY) Expected to Post Quarterly Earnings on Thursday

Fast Retailing (OTCMKTS:FRCOY) will likely be posting its results after the market closes on Thursday, October 8th. Analysts expect Fast Retailing to announce earnings of $0.1876 per share and revenue of $5.7678 billion for the quarter.

Fast Retailing (OTCMKTS:FRCOY) last posted its earnings results on Thursday, July 9th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6 billion.

Fast Retailing Trading Up 0.9%

Shares of FRCOY opened at $47.81 on Wednesday. Fast Retailing has a 52 week low of $29.38 and a 52 week high of $55.65. The firm’s 50-day simple moving average is $45.87 and its 200 day simple moving average is $46.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FRCOY shares. Zacks Research downgraded shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Erste Group Bank cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese apparel company and retail holding group best known for its UNIQLO brand. The company develops, manufactures, and sells casual clothing and accessories, including everyday apparel, outerwear, sportswear, innerwear, and lifestyle products for men, women, and children.

Fast Retailing’s portfolio also includes brands such as GU, Theory, PLST, and Helmut Lang, along with other apparel businesses. UNIQLO is the group’s principal brand and operates stores and e-commerce businesses across Japan and international markets, including other parts of Asia, North America, Europe, and Oceania.

The company traces its origins to a menswear store established in Ube, Japan, in 1949 and adopted the Fast Retailing name in 1991.