The Michaels Companies, Inc. (NASDAQ:MIK) is set to release its earnings data before the market opens on Wednesday, August 23rd. Analysts expect The Michaels Companies to post earnings of $0.16 per share for the quarter. The Michaels Companies has set its Q2 guidance at $0.15-0.17 EPS and its FY18 guidance at $2.03-2.15 EPS.

The Michaels Companies (NASDAQ:MIK) last announced its quarterly earnings results on Tuesday, June 6th. The specialty retailer reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.01. The Michaels Companies had a net margin of 7.30% and a negative return on equity of 22.75%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. On average, analysts expect The Michaels Companies to post $2.08 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.

The Michaels Companies, Inc. (NASDAQ MIK) opened at 19.81 on Wednesday. The stock has a 50 day moving average price of $19.14 and a 200-day moving average price of $20.53. The Michaels Companies, Inc. has a one year low of $17.25 and a one year high of $26.30. The stock has a market capitalization of $3.74 billion, a P/E ratio of 10.59 and a beta of 0.96.

The Michaels Companies declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 15th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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Several equities analysts have issued reports on MIK shares. Zacks Investment Research raised The Michaels Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Saturday, May 13th. Guggenheim reaffirmed a “buy” rating and set a $26.00 price objective on shares of The Michaels Companies in a report on Wednesday, June 21st. Bank of America Corporation reaffirmed a “buy” rating and set a $26.00 price objective on shares of The Michaels Companies in a report on Friday, June 16th. TheStreet raised The Michaels Companies from a “d+” rating to a “c” rating in a report on Monday, June 26th. Finally, ValuEngine lowered The Michaels Companies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The Michaels Companies currently has an average rating of “Hold” and a consensus price target of $25.25.

The 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.

Earnings History for The Michaels Companies (NASDAQ:MIK)

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