Analysts forecast that Genesco Inc. (NYSE:GCO) will report earnings of $0.83 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Genesco’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.71. Genesco reported earnings of $1.02 per share in the same quarter last year, which would indicate a negative year over year growth rate of 18.6%. The firm is expected to issue its next earnings results on Friday, December 7th.

According to Zacks, analysts expect that Genesco will report full year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.22 to $3.25. For the next fiscal year, analysts anticipate that the company will report earnings of $3.53 per share, with EPS estimates ranging from $3.50 to $3.56. Zacks’ EPS averages are an average based on a survey of analysts that follow Genesco.

Genesco (NYSE:GCO) last issued its quarterly earnings data on Friday, September 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. Genesco had a negative net margin of 3.77% and a positive return on equity of 7.53%. The company had revenue of $653.90 million during the quarter, compared to the consensus estimate of $641.07 million. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Genesco from a “sell” rating to a “hold” rating and set a $53.00 price objective for the company in a research report on Tuesday, September 11th. ValuEngine downgraded shares of Genesco from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Pivotal Research set a $55.00 price objective on shares of Genesco and gave the stock a “buy” rating in a research report on Monday, September 10th. Jefferies Financial Group downgraded shares of Genesco from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Tuesday, July 10th. Finally, Macquarie increased their price objective on shares of Genesco from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, September 10th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Genesco presently has a consensus rating of “Hold” and a consensus target price of $39.88.

In related news, Director Kathleen Mason sold 2,000 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $48.91, for a total transaction of $97,820.00. Following the completion of the transaction, the director now owns 43,626 shares in the company, valued at $2,133,747.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cahaba Wealth Management Inc. boosted its holdings in Genesco by 14.9% during the second quarter. Cahaba Wealth Management Inc. now owns 11,095 shares of the company’s stock worth $452,000 after purchasing an additional 1,442 shares during the last quarter. Legal & General Group Plc boosted its holdings in Genesco by 3.4% during the second quarter. Legal & General Group Plc now owns 68,849 shares of the company’s stock worth $2,748,000 after purchasing an additional 2,238 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Genesco by 25.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 11,649 shares of the company’s stock worth $462,000 after purchasing an additional 2,363 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Genesco by 13.2% during the first quarter. New York State Common Retirement Fund now owns 22,300 shares of the company’s stock worth $905,000 after purchasing an additional 2,600 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in Genesco during the second quarter worth $106,000.

Shares of GCO stock traded up $0.75 during trading hours on Monday, hitting $47.85. 382,400 shares of the company were exchanged, compared to its average volume of 338,360. The company has a quick ratio of 0.53, a current ratio of 2.43 and a debt-to-equity ratio of 0.10. Genesco has a 52 week low of $22.55 and a 52 week high of $51.85. The company has a market capitalization of $939.00 million, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.94 and a beta of 1.07.

About Genesco

Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Earnings History and Estimates for Genesco (NYSE:GCO)

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