Ermenegildo Zegna (ZGN) Projected to Post Earnings on Thursday

Ermenegildo Zegna (NYSE:ZGN - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, June 26th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $918.69 million for the quarter.

Ermenegildo Zegna Stock Down 2.5%

Shares of ZGN traded down $0.23 during mid-day trading on Friday, hitting $8.84. 1,094,559 shares of the company traded hands, compared to its average volume of 752,704. Ermenegildo Zegna has a 1-year low of $6.05 and a 1-year high of $12.15. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.60 billion, a PE ratio of 16.67 and a beta of 0.74. The business has a 50 day moving average of $8.23 and a 200 day moving average of $8.16.

Ermenegildo Zegna Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.1361 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a dividend yield of 1.5%. This is an increase from Ermenegildo Zegna's previous annual dividend of $0.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of Ermenegildo Zegna by 22.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 134,503 shares of the company's stock valued at $995,000 after acquiring an additional 24,862 shares during the period. Jane Street Group LLC acquired a new position in shares of Ermenegildo Zegna in the first quarter valued at about $1,161,000. Finally, Millennium Management LLC raised its stake in shares of Ermenegildo Zegna by 182.8% in the first quarter. Millennium Management LLC now owns 1,149,055 shares of the company's stock worth $8,503,000 after purchasing an additional 742,680 shares during the last quarter. Institutional investors and hedge funds own 12.91% of the company's stock.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.