On 2016-05-11, Macy's Inc (NYSE:M) confirmed the dividend disbursement of $0.377 a share to shareholders as on record 2016-06-15. The firm will release dividend on 2016-07-01 while ex-dividend date is reported to be 2016-06-13.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Macy's Inc (NYSE:M) paid a total of $0.377 per share in dividends. This figure stood at $0.377 a share in the same period a year ago indicating a deviation of 17.2632%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $39.8 on the stock. This figure is the average of recommendations offered by 10 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $44 and $35, respectively.
Taking the mathematical rating formula, the price for Macy's Inc (NYSE:M) stands at 2.83. Earnings Review Macy's Inc (NYSE:M) will report its quarterly earnings for the period ending on 2016-10-31 by 2016-11-09. For the period ending on 2016-10-31, experts are expecting EPS of $0.42.
Coming to the quarter ending on 2016-01-31, Macy's Inc (NYSE:M) recorded EPS of $0.54. The reported numbers came lower than the analysts’ estimates of $0.4, demonstrating a miss of $0.14 as against reported figures.
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