Michaels Companies (MIK) Releases FY19 Earnings Guidance
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.
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.