FIGS (FIGS) to Release Earnings on Thursday

FIGS (NYSE:FIGS) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect FIGS to post earnings of ($0.01) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

FIGS (NYSE:FIGS) last posted its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The company had revenue of $144.90 million for the quarter, compared to analysts’ expectations of $149.09 million. During the same period last year, the firm earned $0.05 earnings per share. FIGS’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts expect FIGS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FIGS Stock Performance

FIGS opened at $5.00 on Wednesday. The stock has a market capitalization of $849.55 million, a PE ratio of 45.46, a price-to-earnings-growth ratio of 19.95 and a beta of 1.41. The stock’s 50 day moving average price is $5.05 and its 200-day moving average price is $5.97. FIGS has a 52-week low of $4.37 and a 52-week high of $8.84.

Insiders Place Their Bets

In other FIGS news, CFO Daniella Turenshine sold 15,762 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total value of $87,321.48. Following the completion of the transaction, the chief financial officer now owns 409,858 shares of the company’s stock, valued at approximately $2,270,613.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 21,787 shares of company stock valued at $122,632. 22.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FIGS shares. Barclays decreased their target price on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Bank of America reaffirmed an “underperform” rating and issued a $4.50 price target (down previously from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price target on shares of FIGS in a research report on Friday, May 3rd. Oppenheimer lowered FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Finally, The Goldman Sachs Group lowered their price target on FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, FIGS presently has an average rating of “Hold” and a consensus price target of $4.94.

About FIGS

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.