YETI (NYSE:YETI) Releases FY 2024 Earnings Guidance

YETI (NYSE:YETI - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.490-2.620 for the period, compared to the consensus earnings per share estimate of 2.490. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

YETI Price Performance

Shares of NYSE:YETI traded up $4.45 during trading on Thursday, reaching $39.26. The stock had a trading volume of 6,716,050 shares, compared to its average volume of 1,729,558. The business has a fifty day moving average price of $37.52 and a 200-day moving average price of $42.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. YETI has a 1-year low of $33.88 and a 1-year high of $54.15. The stock has a market cap of $3.35 billion, a PE ratio of 19.91, a PEG ratio of 1.37 and a beta of 2.26.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The firm had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The company's quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that YETI will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on YETI shares. Stifel Nicolaus decreased their price target on shares of YETI from $43.00 to $41.00 and set a hold rating for the company in a research report on Friday, February 16th. Raymond James decreased their price objective on YETI from $55.00 to $48.00 and set an outperform rating for the company in a research note on Friday, February 16th. Canaccord Genuity Group reduced their target price on shares of YETI from $41.00 to $40.00 and set a hold rating on the stock in a report on Friday, April 5th. William Blair reiterated an outperform rating on shares of YETI in a report on Wednesday, May 1st. Finally, KeyCorp raised their price objective on shares of YETI from $33.00 to $36.00 and gave the company an underweight rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $48.00.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.