Macy's (M) to Release Earnings on Tuesday

Macy's (NYSE:M - Get Free Report) will release its earnings data before the market opens on Tuesday, November 26th. Persons that wish to listen to the company's earnings conference call can do so using this link.

Macy's (NYSE:M - Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.23. Macy's had a net margin of 0.80% and a return on equity of 23.14%. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. On average, analysts expect Macy's to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Macy's Stock Performance

Shares of Macy's stock traded down $0.12 during trading hours on Tuesday, reaching $15.14. The company's stock had a trading volume of 4,372,495 shares, compared to its average volume of 6,257,497. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 1.48. Macy's has a one year low of $14.06 and a one year high of $22.10. The company's 50 day simple moving average is $15.42 and its 200 day simple moving average is $16.90. The stock has a market cap of $4.20 billion, a P/E ratio of 23.65 and a beta of 2.11.

Macy's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.1737 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a yield of 4.59%. Macy's's payout ratio is currently 107.81%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on M. StockNews.com initiated coverage on Macy's in a report on Sunday, November 10th. They issued a "hold" rating on the stock. Morgan Stanley reduced their price target on shares of Macy's from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, August 22nd. Argus raised shares of Macy's to a "hold" rating in a report on Thursday, October 10th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $21.00 target price on shares of Macy's in a research note on Wednesday, August 21st. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $20.43.

Macy's Company Profile

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.