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.

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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)

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