Macy's (NYSE:M) Updates FY 2025 Earnings Guidance

Macy's (NYSE:M - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.050-2.250 for the period, compared to the consensus EPS estimate of 2.320. The company issued revenue guidance of $21.0 billion-$21.4 billion, compared to the consensus revenue estimate of $21.3 billion.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Cowen reaffirmed a "hold" rating on shares of Macy's in a research note on Friday. Citigroup lowered their price target on shares of Macy's from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Friday. Guggenheim reissued a "neutral" rating on shares of Macy's in a research note on Thursday, December 12th. Gordon Haskett lowered shares of Macy's from an "accumulate" rating to a "hold" rating in a research report on Thursday. Finally, Telsey Advisory Group set a $15.00 price target on Macy's in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.56.

Macy's Trading Up 0.1 %

M stock traded up $0.02 during trading on Monday, reaching $14.08. 10,055,312 shares of the stock traded hands, compared to its average volume of 7,206,143. The firm has a market capitalization of $3.91 billion, a PE ratio of 23.86 and a beta of 2.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The business's 50 day moving average price is $14.97 and its 200-day moving average price is $15.45. Macy's has a 52-week low of $12.60 and a 52-week high of $22.10.

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Macy's (NYSE:M - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.25. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The business had revenue of $7.77 billion during the quarter, compared to analysts' expectations of $7.76 billion. As a group, sell-side analysts forecast that Macy's will post 2.39 earnings per share for the current year.

Macy's Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.1824 per share. This is a positive change from Macy's's previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. This represents a $0.73 annualized dividend and a dividend yield of 5.18%. Macy's's payout ratio is presently 35.44%.

Macy's Company Profile

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.