Nordstrom (JWN) Issues Earnings Results
Nordstrom (NYSE:JWN) posted its quarterly earnings data on Thursday. The specialty retailer reported $1.20 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.04), Briefing.com reports. Nordstrom had a net margin of 2.86% and a return on equity of 64.75%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the company earned $1.27 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Nordstrom updated its FY19 guidance to $3.30-$3.55 EPS.
Shares of Nordstrom (NYSE:JWN) opened at $53.04 on Friday. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30. Nordstrom has a twelve month low of $37.79 and a twelve month high of $54.00. The firm has a market cap of $8,409.08, a PE ratio of 20.56, a P/E/G ratio of 2.66 and a beta of 0.81.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Monday, March 5th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.79%. Nordstrom’s dividend payout ratio (DPR) is presently 57.36%.
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Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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