Michaels Companies (NASDAQ:MIK) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.19-2.32 for the period, compared to the Thomson Reuters consensus estimate of $2.32. The company issued revenue guidance of $5.217-5.293 billion, compared to the consensus revenue estimate of $5.26 billion.Michaels Companies also updated its Q2 guidance to $0.12-0.14 EPS.

Shares of MIK stock opened at $21.93 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.58 and a debt-to-equity ratio of -1.79. Michaels Companies has a 52-week low of $17.25 and a 52-week high of $27.87. The firm has a market capitalization of $3.83 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.23.

Michaels Companies (NASDAQ:MIK) last issued its quarterly earnings data on Thursday, June 14th. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Michaels Companies had a negative return on equity of 24.07% and a net margin of 7.28%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. analysts predict that Michaels Companies will post 2.34 EPS for the current year.

A number of equities research analysts recently issued reports on MIK shares. BidaskClub downgraded Michaels Companies from a buy rating to a hold rating in a research report on Thursday, March 1st. Loop Capital started coverage on Michaels Companies in a research report on Thursday, March 1st. They issued a hold rating and a $25.00 price objective on the stock. ValuEngine downgraded Michaels Companies from a buy rating to a hold rating in a research report on Thursday, March 1st. Piper Jaffray Companies reissued a sell rating and issued a $18.00 target price on shares of Michaels Companies in a research note on Tuesday, March 6th. Finally, Deutsche Bank increased their target price on Michaels Companies from $24.00 to $25.00 and gave the company a buy rating in a research note on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Michaels Companies presently has a consensus rating of Hold and a consensus price target of $24.27.

About Michaels Companies

The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.

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