Gap (NYSE:GPS) is scheduled to be announcing its Q3 earnings results after the market closes on Thursday, November 21st. Analysts expect the company to announce earnings of $0.71 per share and revenue of $3.98 billion for the quarter. Gap has set its FY14 guidance at $2.57-2.65 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.64 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.64. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts expect Gap to post $2.74 EPS for the current fiscal year and $3.03 EPS for the next fiscal year.
Gap (NYSE:GPS) opened at 41.72 on Wednesday. Gap has a 52-week low of $29.84 and a 52-week high of $46.56. The stock’s 50-day moving average is $38.76 and its 200-day moving average is $41.34. The company has a market cap of $19.504 billion and a price-to-earnings ratio of 15.45.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, January 6th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Gap from $50.00 to $51.00 in a research note to investors on Friday, November 15th. On a related note, analysts at Mizuho initiated coverage on shares of Gap in a research note to investors on Friday, November 15th. They set a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Gap from $43.00 to $48.00 in a research note to investors on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. Gap currently has an average rating of “Hold” and an average target price of $43.88.
The Gap, Inc (NYSE:GPS) is a global specialty apparel company.
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