Fast Retailing (OTCMKTS:FRCOY) Announces Earnings Results, Beats Estimates By $0.05 EPS

Fast Retailing (OTCMKTS:FRCOY) announced its earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05, Zacks reports. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.77 billion.

Fast Retailing Price Performance

FRCOY opened at $47.20 on Friday. The company has a fifty day moving average price of $45.78 and a two-hundred day moving average price of $46.94. Fast Retailing has a 1-year low of $32.20 and a 1-year high of $55.65.

Analyst Ratings Changes

A number of analysts have weighed in on FRCOY shares. Erste Group Bank downgraded Fast Retailing from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Zacks Research downgraded Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese apparel company and retail holding group best known for its UNIQLO brand. The company develops, manufactures, and sells casual clothing and accessories, including everyday apparel, outerwear, sportswear, innerwear, and lifestyle products for men, women, and children.

Fast Retailing’s portfolio also includes brands such as GU, Theory, PLST, and Helmut Lang, along with other apparel businesses. UNIQLO is the group’s principal brand and operates stores and e-commerce businesses across Japan and international markets, including other parts of Asia, North America, Europe, and Oceania.

The company traces its origins to a menswear store established in Ube, Japan, in 1949 and adopted the Fast Retailing name in 1991.