Fast Retailing (OTCMKTS:FRCOY) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Fast Retailing (OTCMKTS:FRCOY) released its quarterly earnings data on Thursday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05, Zacks reports.

Fast Retailing Stock Performance

OTCMKTS FRCOY opened at $47.20 on Thursday. The business has a 50 day simple moving average of $45.83 and a two-hundred day simple moving average of $46.88. Fast Retailing has a 1-year low of $29.38 and a 1-year high of $55.65.

Analyst Ratings Changes

A number of brokerages recently issued reports on FRCOY. 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. Zacks Research lowered Fast Retailing from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Fast Retailing currently has a consensus rating of “Hold”.

About Fast Retailing

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.