Analysts expect Genesco Inc. (NYSE:GCO) to report earnings of $1.15 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Genesco’s earnings, with estimates ranging from $0.93 to $1.30. Genesco posted earnings per share of $1.28 in the same quarter last year, which suggests a negative year over year growth rate of 10.2%. The business is scheduled to issue its next earnings results on Friday, December 1st.

According to Zacks, analysts expect that Genesco will report full year earnings of $3.46 per share for the current year, with EPS estimates ranging from $3.35 to $3.62. For the next year, analysts expect that the business will post earnings of $3.47 per share, with EPS estimates ranging from $3.15 to $3.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Genesco.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Thursday, August 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04). Genesco had a net margin of 2.43% and a return on equity of 7.36%. The company had revenue of $616.50 million for the quarter, compared to analyst estimates of $626.93 million. During the same quarter in the previous year, the company posted $0.34 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year.

A number of research analysts have issued reports on GCO shares. Jefferies Group LLC restated a “hold” rating and set a $48.00 price target on shares of Genesco in a research note on Friday, July 14th. BidaskClub lowered shares of Genesco from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. UBS AG lowered shares of Genesco from a “positive” rating to a “neutral” rating in a research note on Monday, August 28th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $29.00 price target (down previously from $43.00) on shares of Genesco in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.71.

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In other Genesco news, Chairman Robert J. Dennis acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of $23.81 per share, for a total transaction of $595,250.00. Following the completion of the purchase, the chairman now directly owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mimi Eckel Vaughn acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average price of $24.16 per share, for a total transaction of $241,600.00. Following the purchase, the senior vice president now directly owns 87,140 shares of the company’s stock, valued at $2,105,302.40. The disclosure for this purchase can be found here. 3.30% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in GCO. State of Alaska Department of Revenue increased its stake in shares of Genesco by 77.8% in the second quarter. State of Alaska Department of Revenue now owns 3,893 shares of the company’s stock worth $131,000 after acquiring an additional 1,703 shares during the period. PNC Financial Services Group Inc. grew its position in Genesco by 44.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,538 shares of the company’s stock valued at $142,000 after buying an additional 775 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Genesco during the second quarter valued at $144,000. Public Employees Retirement System of Ohio grew its position in Genesco by 16.9% during the second quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock valued at $145,000 after buying an additional 618 shares during the period. Finally, First Quadrant L P CA acquired a new stake in Genesco during the second quarter valued at $153,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Genesco (GCO) opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.47 and a current ratio of 2.38. Genesco has a 52 week low of $20.90 and a 52 week high of $72.00. The stock has a market cap of $493.99, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.75 and a beta of 1.27.

Genesco Company Profile

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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Earnings History and Estimates for Genesco (NYSE:GCO)

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