Zale Corp (NYSE: ZLC) released its earnings data on Thursday. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.03. The company had revenue of $671.00 million for the quarter, compared to the consensus estimate of $667.34 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis.
On the ratings front, analysts at Zacks upgraded shares of Zale Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 15th. They now have a $4.40 price target on the stock.
Four investment analysts have rated the stock with a buy rating, and one has assigned a hold rating to the company’s stock. The company currently has an average rating of “buy” and an average target price of $7.50.
Zale Corp (ZLC) traded down 2.29% on Thursday, hitting $4.27. Zale Corp (ZLC) has a 52-week low of $2.18 and a 52-week high of $7.66. The stock’s 50-day moving average is currently $4.72. The company’s market cap is $138.2 million.
Zale Corporation, through its wholly owned subsidiaries, is a specialty retailer of fine jewelry. As of July 31, 2010, it operated 1,218 specialty retail jewelry stores and 672 kiosks located mainly in shopping malls throughout the United States, Canada and Puerto Rico.
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