Abercrombie & Fitch Company (ANF) to Release Earnings on Friday
Abercrombie & Fitch Company (NYSE:ANF) will post its quarterly earnings results before the market opens on Friday, November 17th. Analysts expect Abercrombie & Fitch to post earnings of $0.18 per share for the quarter.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The company had revenue of $779.00 million during the quarter, compared to analysts’ expectations of $758.57 million. During the same period in the prior year, the company posted ($0.25) earnings per share. Abercrombie & Fitch’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect Abercrombie & Fitch to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Abercrombie & Fitch Company (ANF) opened at $12.65 on Thursday. Abercrombie & Fitch Company has a 12-month low of $8.81 and a 12-month high of $16.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 2.16.
ANF has been the subject of a number of research reports. B. Riley restated a “neutral” rating on shares of Abercrombie & Fitch in a report on Wednesday, November 1st. J P Morgan Chase & Co cut shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $12.00 to $10.00 in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Argus upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $12.00 price target on shares of Abercrombie & Fitch in a report on Thursday, September 28th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.24.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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