Brokerages expect Michaels Companies Inc (NASDAQ:MIK) to post earnings per share of $1.20 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Michaels Companies’ earnings, with estimates ranging from $1.13 to $1.25. Michaels Companies reported earnings of $0.96 per share during the same quarter last year, which indicates a positive year over year growth rate of 25%. The company is scheduled to issue its next earnings results on Tuesday, March 6th.

On average, analysts expect that Michaels Companies will report full year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $2.11 to $2.24. For the next year, analysts forecast that the business will post earnings of $2.56 per share, with EPS estimates ranging from $2.13 to $2.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Michaels Companies.

Michaels Companies (NASDAQ:MIK) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Michaels Companies had a net margin of 7.33% and a negative return on equity of 22.16%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. Telsey Advisory Group upgraded shares of Michaels Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $23.00 to $32.00 in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Michaels Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub lowered shares of Michaels Companies from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Raymond James Financial reiterated a “hold” rating on shares of Michaels Companies in a research note on Saturday, December 2nd. Finally, Piper Jaffray Companies lowered shares of Michaels Companies from a “neutral” rating to an “underweight” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Michaels Companies has a consensus rating of “Buy” and a consensus target price of $26.00.

Michaels Companies (MIK) traded down $0.70 during trading hours on Wednesday, hitting $24.04. 3,669,392 shares of the stock traded hands, compared to its average volume of 1,690,489. Michaels Companies has a twelve month low of $17.25 and a twelve month high of $27.87. The company has a debt-to-equity ratio of -1.56, a quick ratio of 0.25 and a current ratio of 1.39. The company has a market cap of $4,484.09, a price-to-earnings ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 0.99.

In other Michaels Companies news, CEO Carl Rubin sold 220,930 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $27.15, for a total transaction of $5,998,249.50. Following the sale, the chief executive officer now owns 444,796 shares of the company’s stock, valued at approximately $12,076,211.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in MIK. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Michaels Companies by 40.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,792 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 2,236 shares during the last quarter. Hikari Power Ltd purchased a new stake in Michaels Companies during the 4th quarter worth approximately $204,000. Cetera Advisor Networks LLC purchased a new stake in Michaels Companies during the 4th quarter worth approximately $208,000. Jane Street Group LLC purchased a new stake in Michaels Companies during the 3rd quarter worth approximately $211,000. Finally, State of Alaska Department of Revenue purchased a new stake in Michaels Companies during the 4th quarter worth approximately $214,000.

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Michaels Companies Company Profile

The Michaels Companies, Inc (Michaels) is an arts and crafts specialty retailer in North America. The Company’s segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.

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