Macy's (M) Projected to Post Earnings on Tuesday

Macy's (NYSE:M - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.55 per share and revenue of $7.76 billion for the quarter. Macy's has set its FY 2024 guidance at 2.250-2.500 EPS and its FY25 guidance at 2.25-2.50 EPS.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.74 billion. Macy's had a net margin of 0.73% and a return on equity of 21.99%. The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. On average, analysts expect Macy's to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Macy's Stock Up 0.4 %

Shares of M stock traded up $0.06 during mid-day trading on Wednesday, hitting $15.37. 4,415,685 shares of the stock traded hands, compared to its average volume of 6,542,695. The stock has a market cap of $4.27 billion, a P/E ratio of 26.04 and a beta of 2.05. The stock's fifty day moving average is $15.60 and its two-hundred day moving average is $15.63. Macy's has a 52-week low of $13.66 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17.

Wall Street Analysts Forecast Growth

M has been the subject of several analyst reports. UBS Group decreased their price target on shares of Macy's from $10.00 to $9.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of Macy's from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Benchmark raised shares of Macy's to a "strong-buy" rating in a research report on Monday, February 3rd. StockNews.com raised shares of Macy's from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Finally, Guggenheim reissued a "neutral" rating on shares of Macy's in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.75.

About Macy's

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.