Brokerages expect that Genesco Inc. (NYSE:GCO) will post earnings of $2.08 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Genesco’s earnings, with the lowest EPS estimate coming in at $2.02 and the highest estimate coming in at $2.11. Genesco posted earnings of $2.15 per share during the same quarter last year, which would indicate a negative year over year growth rate of 3.3%. The firm is expected to issue its next earnings report on Friday, March 9th.

On average, analysts expect that Genesco will report full year earnings of $3.06 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.09. For the next year, analysts anticipate that the firm will post earnings of $3.17 per share, with EPS estimates ranging from $2.35 to $3.60. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Genesco.

Genesco (NYSE:GCO) last announced its earnings results on Friday, December 1st. The company reported $1.02 earnings per share 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 business had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $706.58 million. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year.

Several analysts have weighed in on GCO shares. Piper Jaffray Companies reiterated a “buy” rating and set a $39.00 price target on shares of Genesco in a research note on Sunday, October 1st. Jefferies Group upgraded Genesco from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Buckingham Research boosted their price target on Genesco from $23.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. Finally, SunTrust Banks set a $33.00 price target on Genesco and gave the company a “buy” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.25.

Shares of Genesco (NYSE:GCO) traded up $1.50 during mid-day trading on Friday, reaching $36.40. The company had a trading volume of 345,090 shares, compared to its average volume of 438,867. 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 stock has a market cap of $694.97, a P/E ratio of -5.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.37. Genesco has a 1 year low of $20.90 and a 1 year high of $63.50.

A number of institutional investors have recently bought and sold shares of GCO. Tower Research Capital LLC TRC acquired a new position in shares of Genesco in the 2nd quarter valued at about $144,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Genesco by 16.9% in the 2nd 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. Pinnacle Financial Partners Inc. acquired a new position in shares of Genesco in the 3rd quarter valued at about $226,000. Crossmark Global Holdings Inc. acquired a new position in shares of Genesco in the 3rd quarter valued at about $240,000. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Genesco by 32.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,780 shares of the company’s stock valued at $287,000 after buying an additional 2,650 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.

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About Genesco

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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