Genesco Inc. (NYSE:GCO) issued an update on its FY14 earnings guidance on Friday morning. The company provided earnings per share guidance of $5.10-5.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.20, AmericanBankingNews.com reports.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray downgraded shares of Genesco from an overweight rating to a neutral rating in a research note to investors on Monday. On a related note, analysts at Susquehanna raised their price target on shares of Genesco from $78.00 to $85.00 in a research note to investors on Tuesday, November 26th. Finally, analysts at Avondale Partners downgraded shares of Genesco from an outperform rating to a market perform rating in a research note to investors on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $74.03.
Shares of Genesco Inc. (NYSE:GCO) opened at 71.37 on Friday. Genesco Inc. has a 52-week low of $50.33 and a 52-week high of $75.84. The stock has a 50-day moving average of $70.12 and a 200-day moving average of $68.66. The company has a market cap of $1.711 billion and a price-to-earnings ratio of 16.62.
Genesco (NYSE:GCO) last posted its quarterly earnings results on Friday, December 6th. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.38 by $0.05. The company had revenue of $666.30 million for the quarter, compared to the consensus estimate of $662.57 million. During the same quarter last year, the company posted $1.44 earnings per share. Genesco’s revenue was up .3% compared to the same quarter last year. Analysts expect that Genesco Inc. will post $5.20 EPS for the current fiscal year.
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in six segments: Journeys Group, Underground Station Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands.
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