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HomeMarketResultsMacy's (NYSE:M) Issues Q4 Earnings Guidance

Macy’s (NYSE:M) Issues Q4 Earnings Guidance


Macy’s (NYSE:MGet Rating) issued an replace on its fourth quarter earnings steerage on Friday morning. The corporate offered earnings per share steerage of $1.47-1.67 for the interval, in comparison with the consensus earnings per share estimate of $1.62. The corporate issued income steerage of low-end to mid-point of $8.161-8.401 billion, in comparison with the consensus income estimate of $8.32 billion.

Analyst Rankings Modifications

Various analysts have not too long ago issued experiences on the corporate. Jefferies Monetary Group lowered their value goal on Macy’s from $30.00 to $23.00 and set a purchase score on the inventory in a analysis report on Thursday, September fifteenth. OTR International upgraded shares of Macy’s from a blended score to a optimistic score in a analysis word on Wednesday, November ninth. Credit score Suisse Group elevated their value goal on shares of Macy’s to $19.00 in a analysis word on Monday, November twenty first. StockNews.com minimize shares of Macy’s from a purchase score to a maintain score in a analysis word on Friday, December thirtieth. Lastly, JPMorgan Chase & Co. minimize their value goal on shares of Macy’s from $29.00 to $28.00 in a analysis word on Tuesday. Two analysts have rated the inventory with a promote score, 5 have assigned a maintain score and 4 have assigned a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, the inventory has a consensus score of Maintain and a consensus value goal of $24.91.

Macy’s Value Efficiency

NYSE:M traded up $0.57 throughout buying and selling hours on Friday, reaching $22.13. 12,740,844 shares of the corporate had been exchanged, in comparison with its common quantity of 11,991,596. The corporate has a debt-to-equity ratio of 0.86, a present ratio of 1.09 and a fast ratio of 0.14. Macy’s has a 1-year low of $15.10 and a 1-year excessive of $28.21. The corporate has a market capitalization of $6.00 billion, a P/E ratio of 4.66, a P/E/G ratio of 0.42 and a beta of 1.72. The enterprise has a 50 day shifting common of $21.35 and a 200 day shifting common of $19.18.

Macy’s (NYSE:MGet Rating) final introduced its quarterly earnings outcomes on Thursday, November seventeenth. The corporate reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.33. The corporate had income of $5.23 billion in the course of the quarter, in comparison with the consensus estimate of $5.20 billion. Macy’s had a web margin of 5.68% and a return on fairness of 42.58%. The corporate’s income for the quarter was down 3.9% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the enterprise earned $1.23 earnings per share. Analysis analysts forecast that Macy’s will put up 4.2 EPS for the present yr.

Macy’s Proclaims Dividend

The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, January third. Traders of document on Thursday, December fifteenth had been issued a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.63 annualized dividend and a yield of two.85%. Macy’s’s payout ratio is 13.13%.

Institutional Buying and selling of Macy’s

A number of hedge funds have not too long ago modified their holdings of the inventory. Captrust Monetary Advisors grew its place in Macy’s by 16.0% within the 2nd quarter. Captrust Monetary Advisors now owns 24,973 shares of the corporate’s inventory valued at $461,000 after buying a further 3,436 shares in the course of the interval. US Bancorp DE grew its place in Macy’s by 7.2% in the course of the first quarter. US Bancorp DE now owns 18,576 shares of the corporate’s inventory valued at $452,000 after shopping for a further 1,244 shares in the course of the interval. Artistic Planning raised its holdings in shares of Macy’s by 13.6% within the 2nd quarter. Artistic Planning now owns 21,623 shares of the corporate’s inventory value $396,000 after buying a further 2,584 shares in the course of the interval. Ergoteles LLC bought a brand new place in shares of Macy’s in the course of the 1st quarter valued at $379,000. Lastly, Baird Monetary Group Inc. lifted its holdings in Macy’s by 65.6% in the course of the first quarter. Baird Monetary Group Inc. now owns 15,243 shares of the corporate’s inventory valued at $371,000 after buying a further 6,040 shares over the past quarter. Institutional buyers personal 80.19% of the corporate’s inventory.

Macy’s Firm Profile

(Get Rating)

Macy’s, Inc, an omni-channel retail group, operates shops, Web sites, and cellular functions. The corporate sells a variety of merchandise, reminiscent of attire and equipment for males, ladies, and youngsters; cosmetics; residence furnishings; and different client items. As of January 29, 2022, it operated 725 malls within the District of Columbia, Puerto Rico, and Guam beneath the Macy’s, Macy’s Backstage, Market by Macy’s, Bloomingdale’s, Bloomingdale’s The Outlet, Bloomies, and bluemercury manufacturers.

Featured Tales

Earnings History and Estimates for Macy's (NYSE:M)

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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