Canada Goose Holdings Inc. (GOOS) Expected to Announce Earnings of $0.16 Per Share
Equities research analysts predict that Canada Goose Holdings Inc. (NYSE:GOOS) will announce $0.16 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Canada Goose Holdings’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.19. The business is expected to report its next earnings results before the market opens on Thursday, November 9th.
On average, analysts expect that Canada Goose Holdings will report full-year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.41 to $0.44. For the next fiscal year, analysts anticipate that the business will post earnings of $0.54 per share, with EPS estimates ranging from $0.49 to $0.59. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Canada Goose Holdings.
Canada Goose Holdings (NYSE:GOOS) last released its earnings results on Thursday, August 10th. The company reported C($0.10) earnings per share for the quarter, topping the consensus estimate of C($0.15) by C$0.05. The company had revenue of C$28.20 million for the quarter, compared to analysts’ expectations of C$16.50 million. Canada Goose Holdings’s revenue was up 79.6% on a year-over-year basis.
Several analysts have commented on GOOS shares. Zacks Investment Research upgraded shares of Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, October 31st. Wells Fargo & Company restated an “outperform” rating on shares of Canada Goose Holdings in a research note on Tuesday, October 3rd. Finally, Robert W. Baird restated a “neutral” rating on shares of Canada Goose Holdings in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$27.09.
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Several institutional investors and hedge funds have recently bought and sold shares of GOOS. FMR LLC increased its holdings in Canada Goose Holdings by 71.4% in the 2nd quarter. FMR LLC now owns 4,904,394 shares of the company’s stock worth $96,887,000 after acquiring an additional 2,043,794 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Canada Goose Holdings by 58.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock worth $43,614,000 after acquiring an additional 812,532 shares in the last quarter. Calamos Advisors LLC increased its holdings in Canada Goose Holdings by 104.1% in the 3rd quarter. Calamos Advisors LLC now owns 1,189,447 shares of the company’s stock worth $24,443,000 after acquiring an additional 606,674 shares in the last quarter. Fred Alger Management Inc. increased its holdings in Canada Goose Holdings by 56.3% in the 2nd quarter. Fred Alger Management Inc. now owns 813,020 shares of the company’s stock worth $16,057,000 after acquiring an additional 292,805 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in Canada Goose Holdings by 165.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 721,345 shares of the company’s stock worth $14,246,000 after acquiring an additional 449,182 shares in the last quarter. Hedge funds and other institutional investors own 27.19% of the company’s stock.
Shares of Canada Goose Holdings (NYSE GOOS) opened at C$21.59 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 4.16 and a debt-to-equity ratio of 1.74. Canada Goose Holdings has a 12 month low of C$15.20 and a 12 month high of C$24.32.
About Canada Goose Holdings
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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