DSW Inc. (DSW) Expected to Announce Earnings of $0.51 Per Share

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Analysts expect that DSW Inc. (NYSE:DSW) will post earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for DSW’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.55. DSW reported earnings of $0.45 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 20th.

On average, analysts expect that DSW will report full-year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.81. For the next fiscal year, analysts expect that the company will post earnings of $1.90 per share, with EPS estimates ranging from $1.82 to $2.05. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow DSW.

DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. DSW had a return on equity of 15.75% and a net margin of 0.06%. The company had revenue of $793.70 million for the quarter, compared to analyst estimates of $689.41 million. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year.

Several equities analysts have weighed in on DSW shares. Deutsche Bank raised their target price on DSW from $24.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, August 29th. MKM Partners set a $29.00 price objective on DSW and gave the stock a “hold” rating in a research note on Friday, October 12th. ValuEngine upgraded DSW from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research lowered DSW from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, B. Riley set a $23.00 price objective on DSW and gave the stock a “hold” rating in a research note on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. DSW presently has an average rating of “Hold” and an average price target of $29.08.

Institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new stake in DSW during the first quarter worth about $235,000. Bank of Montreal Can grew its position in DSW by 45.5% during the second quarter. Bank of Montreal Can now owns 138,661 shares of the company’s stock worth $3,581,000 after buying an additional 43,346 shares in the last quarter. ARP Americas LP acquired a new stake in DSW during the second quarter worth about $227,000. Cambria Investment Management L.P. acquired a new stake in DSW during the second quarter worth about $945,000. Finally, Aperio Group LLC grew its position in DSW by 21.7% during the second quarter. Aperio Group LLC now owns 15,126 shares of the company’s stock worth $391,000 after buying an additional 2,694 shares in the last quarter. Institutional investors and hedge funds own 89.40% of the company’s stock.

NYSE DSW opened at $25.41 on Tuesday. DSW has a fifty-two week low of $18.01 and a fifty-two week high of $34.63. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.67 and a beta of 1.12.

About DSW

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Earnings History and Estimates for DSW (NYSE:DSW)

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