Macy’s Inc (NYSE:M) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 9th. Analysts expect Macy’s to post earnings of $0.19 per share for the quarter. Macy’s has set its FY18 guidance at $2.90-3.15 EPS.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.52 billion. Macy’s had a return on equity of 21.38% and a net margin of 2.71%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, analysts expect Macy’s to post $3.35 EPS for the current fiscal year and $2.52 EPS for the next fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.3775 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.51 annualized dividend and a yield of 8.05%. Macy’s’s payout ratio is currently 68.64%.

In other news, Director John A. Bryant bought 9,825 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $20.32 per share, with a total value of $199,644.00. Following the completion of the transaction, the director now directly owns 9,825 shares of the company’s stock, valued at approximately $199,644. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

A number of research analysts have recently weighed in on the company. Vetr lowered Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 target price on the stock. in a report on Thursday, July 27th. Wedbush restated a “hold” rating on shares of Macy’s in a report on Monday, July 31st. Zacks Investment Research lowered Macy’s from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Deutsche Bank AG raised their target price on Macy’s from $24.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded Macy’s from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Macy’s currently has a consensus rating of “Hold” and an average price target of $26.31.

TRADEMARK VIOLATION NOTICE: This piece was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at

About Macy’s

Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.

Earnings History for Macy`s (NYSE:M)

Receive News & Ratings for Macy's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.