Fast Retailing (FRCOY) Set to Post Quarterly Earnings on Thursday

Fast Retailing (OTCMKTS:FRCOY) is projected to post its results after the market closes on Thursday, October 8th. Analysts expect the company to post earnings of $0.1876 per share and revenue of $5.7678 billion for the quarter.

Fast Retailing (OTCMKTS:FRCOY) last issued its quarterly earnings data on Thursday, July 9th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6 billion.

Fast Retailing Trading Up 3.3%

Fast Retailing stock opened at $47.35 on Tuesday. Fast Retailing has a one year low of $29.38 and a one year high of $55.65. The stock has a fifty day moving average of $45.89 and a 200 day moving average of $46.78.

Analysts Set New Price Targets

FRCOY has been the topic of several recent research reports. Zacks Research downgraded Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Erste Group Bank cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese apparel company and retail holding group best known for its UNIQLO brand. The company develops, manufactures, and sells casual clothing and accessories, including everyday apparel, outerwear, sportswear, innerwear, and lifestyle products for men, women, and children.

Fast Retailing’s portfolio also includes brands such as GU, Theory, PLST, and Helmut Lang, along with other apparel businesses. UNIQLO is the group’s principal brand and operates stores and e-commerce businesses across Japan and international markets, including other parts of Asia, North America, Europe, and Oceania.

The company traces its origins to a menswear store established in Ube, Japan, in 1949 and adopted the Fast Retailing name in 1991.