Zumiez (ZUMZ) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

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Zumiez (NASDAQ:ZUMZ) issued its quarterly earnings results on Thursday. The apparel and footwear maker reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.06, Bloomberg Earnings reports. The company had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. Zumiez updated its Q4 2018 guidance to $1.02-1.08 EPS and its Q4 guidance to ~$1.02-1.08 EPS.

Zumiez stock traded up $0.05 during mid-day trading on Thursday, hitting $19.26. The company had a trading volume of 1,237,636 shares, compared to its average volume of 461,478. Zumiez has a 12 month low of $18.52 and a 12 month high of $32.70. The company has a market capitalization of $490.22 million, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.91 and a beta of 1.23.

In other Zumiez news, Director Travis Smith sold 3,193 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the sale, the director now directly owns 17,770 shares of the company’s stock, valued at $512,664.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris K. Visser sold 1,934 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The disclosure for this sale can be found here. Insiders own 27.70% of the company’s stock.

ZUMZ has been the topic of several recent research reports. BidaskClub raised Zumiez from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $28.00 price target on shares of Zumiez in a research note on Thursday, August 9th. B. Riley set a $32.00 price target on Zumiez and gave the stock a “buy” rating in a research note on Thursday, August 9th. ValuEngine raised Zumiez from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Finally, Pivotal Research began coverage on Zumiez in a research note on Monday, August 13th. They issued a “hold” rating and a $30.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.29.

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Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

Further Reading: Leveraged Buyout (LBO) Explained

Earnings History for Zumiez (NASDAQ:ZUMZ)

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