$0.93 Earnings Per Share Expected for Ross Stores, Inc. (ROST) This Quarter

Wall Street analysts expect Ross Stores, Inc. (NASDAQ:ROST) to announce $0.93 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Ross Stores’ earnings. The lowest EPS estimate is $0.90 and the highest is $1.04. Ross Stores reported earnings of $0.77 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.8%. The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, March 6th.

On average, analysts expect that Ross Stores will report full-year earnings of $3.29 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.40. For the next financial year, analysts forecast that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.39 to $4.32. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Ross Stores.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis.

Several equities analysts have recently commented on ROST shares. Buckingham Research restated a “neutral” rating and issued a $71.00 price objective on shares of Ross Stores in a research report on Thursday, October 19th. Royal Bank of Canada set a $62.00 target price on Ross Stores and gave the stock a “hold” rating in a report on Monday, October 30th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. SunTrust Banks set a $80.00 target price on Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Morgan Stanley lifted their target price on Ross Stores from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.95.

Ross Stores (NASDAQ ROST) opened at $78.17 on Monday. Ross Stores has a 52-week low of $52.85 and a 52-week high of $85.66. The company has a market capitalization of $29,800.00, a PE ratio of 24.92, a PEG ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68.

Hedge funds and other institutional investors have recently modified their holdings of the business. State of New Jersey Common Pension Fund D bought a new position in shares of Ross Stores during the third quarter valued at approximately $646,000. Hendershot Investments Inc. grew its stake in shares of Ross Stores by 104.8% during the third quarter. Hendershot Investments Inc. now owns 31,927 shares of the apparel retailer’s stock valued at $2,062,000 after buying an additional 16,340 shares during the last quarter. Andra AP fonden boosted its holdings in shares of Ross Stores by 8.5% in the third quarter. Andra AP fonden now owns 105,100 shares of the apparel retailer’s stock valued at $6,786,000 after purchasing an additional 8,200 shares during the period. PGGM Investments boosted its holdings in shares of Ross Stores by 47.8% in the third quarter. PGGM Investments now owns 720,055 shares of the apparel retailer’s stock valued at $46,494,000 after purchasing an additional 232,899 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its holdings in shares of Ross Stores by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 84,767 shares of the apparel retailer’s stock valued at $5,473,000 after purchasing an additional 9,048 shares during the period. 91.47% of the stock is currently owned by institutional investors.

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About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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Earnings History and Estimates for Ross Stores (NASDAQ:ROST)

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