GAP (GAP) Set to Announce Quarterly Earnings on Thursday

GAP (NYSE:GAP - Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.15. GAP had a return on equity of 28.89% and a net margin of 5.05%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. On average, analysts expect GAP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

GAP Stock Down 1.1 %

NYSE GAP traded down $0.24 during trading hours on Thursday, hitting $22.10. The company had a trading volume of 3,114,603 shares, compared to its average volume of 6,974,021. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.25 and a beta of 2.35. GAP has a fifty-two week low of $13.43 and a fifty-two week high of $30.75. The business has a fifty day moving average of $21.16.

GAP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 2.71%. GAP's payout ratio is currently 29.70%.

Wall Street Analysts Forecast Growth

GAP has been the topic of several analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $26.00 target price on shares of GAP in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price target on GAP from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Wells Fargo & Company decreased their target price on shares of GAP from $32.00 to $28.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Finally, Argus raised shares of GAP to a "hold" rating in a research note on Thursday, September 19th.

Insider Activity

In other news, CEO Horacio Barbeito sold 75,385 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 31.00% of the stock is owned by insiders.

GAP Company Profile

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.