Wall Street brokerages forecast that Fossil Group (NASDAQ:FOSL) will report earnings per share of ($1.05) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Fossil Group’s earnings. The lowest EPS estimate is ($1.35) and the highest is ($0.82). Fossil Group reported earnings of ($0.35) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 200%. The business is expected to issue its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Fossil Group will report full year earnings of ($0.19) per share for the current fiscal year, with EPS estimates ranging from ($0.78) to $0.15. For the next financial year, analysts anticipate that the firm will report earnings of $0.19 per share, with EPS estimates ranging from ($0.05) to $0.43. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fossil Group.
Fossil Group (NASDAQ:FOSL) last posted its quarterly earnings data on Tuesday, February 13th. The accessories brand company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.24. The business had revenue of $920.80 million for the quarter, compared to analysts’ expectations of $890.47 million. Fossil Group had a positive return on equity of 0.65% and a negative net margin of 17.15%. During the same quarter in the previous year, the firm earned $1.03 earnings per share.
FOSL has been the topic of several research reports. BidaskClub lowered Fossil Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Fossil Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. ValuEngine lowered Fossil Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Buckingham Research lowered Fossil Group from a “neutral” rating to an “underperform” rating in a research note on Friday, January 5th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $12.46.
In related news, Chairman Kosta N. Kartsotis sold 255,448 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $13.55, for a total transaction of $3,461,320.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 679,972 shares of company stock worth $9,041,909. 12.80% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in FOSL. Ameriprise Financial Inc. raised its stake in shares of Fossil Group by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 271,335 shares of the accessories brand company’s stock valued at $2,531,000 after purchasing an additional 10,977 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Fossil Group during the 3rd quarter valued at $304,000. Legal & General Group Plc raised its stake in shares of Fossil Group by 22.5% during the 3rd quarter. Legal & General Group Plc now owns 150,892 shares of the accessories brand company’s stock valued at $1,409,000 after purchasing an additional 27,716 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Fossil Group by 31.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 388,165 shares of the accessories brand company’s stock valued at $3,622,000 after purchasing an additional 93,027 shares during the period. Finally, KBC Group NV raised its stake in shares of Fossil Group by 167.9% during the 3rd quarter. KBC Group NV now owns 13,441 shares of the accessories brand company’s stock valued at $125,000 after purchasing an additional 8,424 shares during the period. Institutional investors own 99.83% of the company’s stock.
Shares of FOSL traded up $0.47 during mid-day trading on Thursday, hitting $15.71. The stock had a trading volume of 1,195,911 shares, compared to its average volume of 3,023,436. The firm has a market cap of $723.36, a PE ratio of 310.60 and a beta of -0.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.54 and a quick ratio of 1.41. Fossil Group has a 52 week low of $5.50 and a 52 week high of $18.44.
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About Fossil Group
Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.
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