Zumiez Inc. (ZUMZ) Expected to Announce Earnings of $0.47 Per Share
Brokerages forecast that Zumiez Inc. (NASDAQ:ZUMZ) will announce $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Zumiez’s earnings, with estimates ranging from $0.44 to $0.48. Zumiez posted earnings per share of $0.43 in the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The company is scheduled to issue its next earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Zumiez will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.07. For the next fiscal year, analysts forecast that the business will post earnings of $1.14 per share, with EPS estimates ranging from $1.11 to $1.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Zumiez.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. Zumiez’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) earnings per share.
Several analysts recently commented on ZUMZ shares. B. Riley reaffirmed a “buy” rating and set a $18.00 price objective on shares of Zumiez in a research note on Wednesday, September 13th. Zacks Investment Research raised Zumiez from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $15.00 price objective on Zumiez and gave the stock a “hold” rating in a research note on Thursday, July 6th. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the stock a “hold” rating in a research note on Thursday, July 6th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Zumiez in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.80.
Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of Zumiez by 3.6% in the first quarter. Principal Financial Group Inc. now owns 132,464 shares of the apparel and footwear maker’s stock valued at $2,424,000 after acquiring an additional 4,655 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Zumiez by 2.5% in the first quarter. Prudential Financial Inc. now owns 58,226 shares of the apparel and footwear maker’s stock valued at $1,066,000 after acquiring an additional 1,421 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Zumiez in the second quarter valued at about $916,000. Invictus RG acquired a new stake in shares of Zumiez in the first quarter valued at about $163,000. Finally, State of Tennessee Treasury Department increased its position in shares of Zumiez by 7.3% in the first quarter. State of Tennessee Treasury Department now owns 16,441 shares of the apparel and footwear maker’s stock valued at $301,000 after acquiring an additional 1,123 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Zumiez (NASDAQ:ZUMZ) traded down 2.39% during midday trading on Friday, hitting $18.35. The stock had a trading volume of 490,327 shares. The stock has a 50 day moving average price of $15.38 and a 200-day moving average price of $14.80. The stock has a market capitalization of $462.97 million, a price-to-earnings ratio of 19.13 and a beta of 1.38. Zumiez has a 52 week low of $11.43 and a 52 week high of $26.55.
Zumiez Company Profile
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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