Genesco (GCO) Releases FY 2020 Earnings Guidance
Genesco (NYSE:GCO) updated its FY 2020 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $3.35-3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.59.
Shares of Genesco stock opened at $44.98 on Friday. The company has a market capitalization of $698.27 million, a P/E ratio of 12.94, a P/E/G ratio of 2.30 and a beta of 0.70. The company has a quick ratio of 1.32, a current ratio of 2.65 and a debt-to-equity ratio of 0.08. Genesco has a 52 week low of $37.00 and a 52 week high of $51.85.
Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, May 31st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.29. The firm had revenue of $495.70 million during the quarter, compared to analyst estimates of $479.36 million. Genesco had a negative net margin of 1.93% and a positive return on equity of 7.52%. Genesco’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. Analysts expect that Genesco will post 3.75 EPS for the current fiscal year.
GCO has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Genesco from a strong-buy rating to a hold rating in a research report on Tuesday, February 5th. ValuEngine lowered shares of Genesco from a buy rating to a hold rating in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average target price of $44.00.
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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