Macy's (NYSE:M) Updates FY25 Earnings Guidance

Macy's (NYSE:M - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.25-2.50 for the period, compared to the consensus earnings per share estimate of $2.73. The company issued revenue guidance of $22.3-22.5 billion, compared to the consensus revenue estimate of $22.18 billion. Macy's also updated its FY 2024 guidance to 2.250-2.500 EPS.

Analyst Ratings Changes

M has been the subject of several recent analyst reports. Argus upgraded Macy's to a "hold" rating in a research report on Thursday, October 10th. StockNews.com raised shares of Macy's from a "hold" rating to a "buy" rating in a research note on Wednesday, November 27th. Morgan Stanley cut 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 research note on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $17.00 target price on shares of Macy's in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.86.

Macy's Trading Down 0.9 %

M traded down $0.14 on Wednesday, hitting $16.58. 28,746,707 shares of the company were exchanged, compared to its average volume of 6,383,251. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 1.48. The firm has a fifty day simple moving average of $15.73 and a two-hundred day simple moving average of $16.53. The stock has a market capitalization of $4.60 billion, a PE ratio of 23.44 and a beta of 2.11. Macy's has a 12 month low of $14.06 and a 12 month high of $22.10.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share 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 0.80% and a return on equity of 23.14%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Sell-side analysts expect that Macy's will post 2.74 earnings per share for the current year.

Macy's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.1737 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.19%. Macy's's dividend payout ratio is currently 107.81%.

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.