Macy's (M) to Release Earnings on Tuesday

Macy's (NYSE:M - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.55 per share and revenue of $7.76 billion for the quarter. Macy's has set its FY 2024 guidance at 2.250-2.500 EPS and its FY25 guidance at 2.25-2.50 EPS.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Macy's had a return on equity of 21.99% and a net margin of 0.73%. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the company posted $0.21 EPS. Macy's's quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts expect Macy's to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Macy's Stock Performance

NYSE:M traded down $0.79 during midday trading on Friday, hitting $15.00. The company's stock had a trading volume of 5,540,946 shares, compared to its average volume of 6,495,881. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. Macy's has a fifty-two week low of $13.66 and a fifty-two week high of $22.10. The firm's 50 day moving average is $15.56 and its 200-day moving average is $15.62. The firm has a market cap of $4.16 billion, a P/E ratio of 25.42 and a beta of 2.05.

Analysts Set New Price Targets

Several equities research analysts have commented on M shares. Morgan Stanley lowered their price objective on Macy's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 12th. UBS Group lowered their price objective on Macy's from $10.00 to $9.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Telsey Advisory Group restated a "market perform" rating and issued a $17.00 price objective on shares of Macy's in a research report on Tuesday, January 14th. Gordon Haskett lowered Macy's from a "buy" rating to an "accumulate" rating in a research report on Thursday, February 13th. Finally, StockNews.com upgraded Macy's from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.75.

Macy's Company Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.