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.

Genesco declared that its Board of Directors has approved a stock buyback plan on Friday, May 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.

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About Genesco

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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Earnings History and Estimates for Genesco (NYSE:GCO)

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