GAP (GAP) Scheduled to Post Earnings on Thursday

GAP (NYSE:GAP) will be posting its quarterly earnings results after the market closes on Thursday, November 21st. Analysts expect GAP to post earnings of $0.57 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a net margin of 5.05% and a return on equity of 28.89%. On average, analysts expect GAP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

GAP Trading Down 0.6 %

GAP stock opened at $21.39 on Tuesday. The stock has a market cap of $8.05 billion, a PE ratio of 10.59, a P/E/G ratio of 1.23 and a beta of 2.35. The stock’s fifty day moving average price is $21.24. GAP has a 12-month low of $17.51 and a 12-month high of $30.75. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

GAP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 2.81%. GAP’s dividend payout ratio (DPR) is currently 29.70%.

Insider Activity at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 31.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Monday. Wells Fargo & Company dropped their price target on shares of GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Finally, Argus raised shares of GAP to a “hold” rating in a report on Thursday, September 19th.

About GAP

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.