Somewhat Positive News Coverage Somewhat Unlikely to Impact Michaels Companies (MIK) Stock Price
News stories about Michaels Companies (NASDAQ:MIK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michaels Companies earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.2260555725606 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Michaels Companies (NASDAQ MIK) opened at $26.01 on Monday. The company has a debt-to-equity ratio of -1.56, a current ratio of 1.39 and a quick ratio of 0.25. The company has a market capitalization of $4,714.29, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.00 and a beta of 0.92. Michaels Companies has a 1 year low of $17.25 and a 1 year high of $26.05.
Michaels Companies (NASDAQ:MIK) last issued its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Michaels Companies had a negative return on equity of 22.16% and a net margin of 7.33%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share. sell-side analysts expect that Michaels Companies will post 2.17 EPS for the current year.
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About Michaels Companies
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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