Genesco (NYSE:GCO) announced its earnings results on Friday. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10), Bloomberg Earnings reports. Genesco had a net margin of 2.43% and a return on equity of 7.36%. The firm had revenue of $716.80 million for the quarter, compared to the consensus estimate of $706.58 million. During the same period in the prior year, the business earned $1.28 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Genesco updated its FY18 guidance to $3.05-3.35 EPS.

Shares of Genesco (NYSE GCO) traded down $5.55 during midday trading on Friday, hitting $25.55. The stock had a trading volume of 3,013,982 shares, compared to its average volume of 442,095. Genesco has a twelve month low of $20.90 and a twelve month high of $72.00. The stock has a market capitalization of $508.93, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.47 and a current ratio of 2.38.

Several brokerages recently weighed in on GCO. Susquehanna Bancshares reaffirmed a “hold” rating and set a $30.00 target price on shares of Genesco in a research note on Tuesday, November 28th. Piper Jaffray Companies set a $35.00 target price on Genesco and gave the company a “buy” rating in a research note on Wednesday. Jefferies Group set a $48.00 target price on Genesco and gave the company a “hold” rating in a research note on Saturday, August 19th. Buckingham Research raised their target price 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 target price on Genesco and gave the company a “buy” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Genesco has an average rating of “Hold” and an average target price of $33.29.

In related news, SVP Mimi Eckel Vaughn bought 10,000 shares of Genesco stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average cost of $24.16 per share, with a total value of $241,600.00. Following the completion of the acquisition, the senior vice president now directly owns 87,140 shares in the company, valued at approximately $2,105,302.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert J. Dennis bought 25,000 shares of Genesco stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $23.81 per share, with a total value of $595,250.00. Following the completion of the acquisition, the chairman now owns 224,935 shares of the company’s stock, valued at $5,355,702.35. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Genesco (GCO) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/genesco-gco-announces-quarterly-earnings-results-misses-estimates-by-0-10-eps/1741468.html.

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.

Earnings History for Genesco (NYSE:GCO)

Receive News & Ratings for Genesco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesco Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.