-$0.04 EPS Expected for Genesco Inc. (GCO) This Quarter

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Equities research analysts expect Genesco Inc. (NYSE:GCO) to announce ($0.04) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Genesco’s earnings, with estimates ranging from ($0.05) to $0.00. Genesco posted earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 60%. The company is expected to report its next quarterly earnings results on Thursday, August 30th.

According to Zacks, analysts expect that Genesco will report full year earnings of $3.22 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.25. For the next financial year, analysts forecast that the business will report earnings of $3.52 per share, with EPS estimates ranging from $3.50 to $3.55. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Genesco.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Tuesday, June 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Genesco had a positive return on equity of 6.98% and a negative net margin of 3.96%. The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $636.37 million. During the same period last year, the company earned $0.05 earnings per share. Genesco’s quarterly revenue was up .2% compared to the same quarter last year.

Several brokerages recently issued reports on GCO. Piper Jaffray Companies set a $44.00 price objective on Genesco and gave the stock a “buy” rating in a report on Thursday, March 15th. CL King lowered Genesco from a “buy” rating to a “neutral” rating in a report on Tuesday, May 29th. They noted that the move was a valuation call. ValuEngine raised shares of Genesco from a “hold” rating to a “buy” rating in a research report on Thursday. Pivotal Research downgraded shares of Genesco from a “buy” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $41.00 in a research report on Thursday, March 15th. Finally, Zacks Investment Research raised shares of Genesco from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, June 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Genesco has a consensus rating of “Hold” and a consensus price target of $38.43.

Shares of NYSE:GCO opened at $42.30 on Friday. The company has a quick ratio of 0.64, a current ratio of 2.93 and a debt-to-equity ratio of 0.13. Genesco has a 1 year low of $20.90 and a 1 year high of $45.90. The firm has a market cap of $840.42 million, a P/E ratio of 13.47, a PEG ratio of 1.38 and a beta of 1.03.

In other Genesco news, Director Thurgood Marshall, Jr. sold 2,200 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $42.31, for a total transaction of $93,082.00. Following the transaction, the director now directly owns 9,281 shares of the company’s stock, valued at $392,679.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.30% of the company’s stock.

Several large investors have recently modified their holdings of GCO. Carillon Tower Advisers Inc. acquired a new stake in shares of Genesco in the fourth quarter valued at about $42,811,000. Legion Partners Asset Management LLC acquired a new stake in shares of Genesco in the fourth quarter valued at about $26,777,000. Royce & Associates LP acquired a new stake in shares of Genesco in the fourth quarter valued at about $11,130,000. Prudential Financial Inc. grew its position in shares of Genesco by 50.3% in the first quarter. Prudential Financial Inc. now owns 544,941 shares of the company’s stock valued at $22,125,000 after purchasing an additional 182,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Genesco in the fourth quarter valued at about $3,824,000.

About Genesco

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Earnings History and Estimates for Genesco (NYSE:GCO)

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