Foot Locker (FL) to Release Quarterly Earnings on Wednesday

Foot Locker (NYSE:FL) is set to release its earnings data before the market opens on Wednesday, December 4th. Analysts expect Foot Locker to post earnings of $0.40 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Foot Locker (NYSE:FL) last issued its quarterly earnings data on Wednesday, August 28th. The athletic footwear retailer reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Foot Locker had a positive return on equity of 2.73% and a negative net margin of 4.48%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, analysts expect Foot Locker to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Foot Locker Stock Performance

Shares of NYSE FL opened at $24.48 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.66 and a quick ratio of 0.49. The stock’s fifty day moving average price is $24.51 and its two-hundred day moving average price is $25.77. Foot Locker has a one year low of $20.47 and a one year high of $35.60. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -6.33, a P/E/G ratio of 0.68 and a beta of 1.44.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Piper Sandler reiterated a “neutral” rating and set a $30.00 target price on shares of Foot Locker in a research report on Friday, August 23rd. Robert W. Baird cut their target price on Foot Locker from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Barclays upgraded Foot Locker from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $27.00 to $34.00 in a research report on Thursday, August 29th. Citigroup upped their target price on Foot Locker from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI cut their target price on Foot Locker from $38.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Foot Locker currently has a consensus rating of “Hold” and a consensus target price of $26.93.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.