Fossil Group, Inc. (FOSL) Scheduled to Post Quarterly Earnings on Tuesday
Fossil Group, Inc. (NASDAQ:FOSL) will issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. Fossil Group has set its Q3 guidance at ($0.38)-(0.05) EPS and its FY17 guidance at ($0.32)-0.48 EPS.
Fossil Group (NASDAQ:FOSL) last issued its quarterly earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.05. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The firm had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $617.89 million. During the same period in the previous year, the firm posted $0.12 EPS. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, analysts expect Fossil Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Fossil Group, Inc. (NASDAQ FOSL) traded down $0.21 during trading hours on Monday, reaching $7.12. 1,050,800 shares of the company’s stock traded hands, compared to its average volume of 1,669,008. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.66 and a current ratio of 3.15. The stock has a market capitalization of $355.67, a P/E ratio of 6.11, a PEG ratio of 1.01 and a beta of 0.77.
FOSL has been the topic of several research reports. Piper Jaffray Companies reissued a “hold” rating and issued a $15.00 price target on shares of Fossil Group in a research report on Friday, July 14th. ValuEngine lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised shares of Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Telsey Advisory Group cut their price target on shares of Fossil Group from $13.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Fossil Group has a consensus rating of “Hold” and a consensus price target of $15.90.
In related news, EVP Martin Frey acquired 7,100 shares of Fossil Group stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of $7.25 per share, for a total transaction of $51,475.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John A. White acquired 13,000 shares of Fossil Group stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $7.26 per share, for a total transaction of $94,380.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 114,945 shares of company stock worth $923,917. 12.80% of the stock is currently owned by insiders.
Fossil Group Company Profile
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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