Genesco (NYSE:GCO) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.05-3.35 for the period, compared to the Thomson Reuters consensus estimate of $3.07.
A number of brokerages have weighed in on GCO. Robert W. Baird reiterated a hold rating and issued a $35.00 price objective on shares of Genesco in a research note on Wednesday, January 3rd. Jefferies Group reiterated a hold rating and issued a $27.00 price objective on shares of Genesco in a research note on Thursday, October 12th. TheStreet cut Genesco from a c- rating to a d rating in a research note on Friday, December 1st. Piper Jaffray Companies reiterated a buy rating and issued a $39.00 price objective on shares of Genesco in a research note on Wednesday, November 1st. Finally, ValuEngine cut Genesco from a buy rating to a hold rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $33.50.
Shares of Genesco (NYSE GCO) opened at $32.70 on Monday. Genesco has a 52 week low of $20.90 and a 52 week high of $65.70. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $651.16, a P/E ratio of -5.17, a PEG ratio of 1.12 and a beta of 1.37.
Genesco (NYSE:GCO) last released its quarterly earnings results on Friday, December 1st. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The company had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $706.58 million. During the same quarter last year, the company earned $1.28 EPS. Genesco’s revenue for the quarter was up .8% compared to the same quarter last year. research analysts forecast that Genesco will post 3.08 EPS for the current fiscal year.
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Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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