Zacks: Analysts Expect Five Below Inc (NASDAQ:FIVE) to Announce $0.50 Earnings Per Share
Wall Street brokerages expect Five Below Inc (NASDAQ:FIVE) to announce $0.50 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Five Below’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.49. Five Below posted earnings of $0.42 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 19%. The company is scheduled to report its next quarterly earnings results on Thursday, September 5th.
On average, analysts expect that Five Below will report full year earnings of $3.14 per share for the current year, with EPS estimates ranging from $3.05 to $3.19. For the next financial year, analysts expect that the business will report earnings of $3.77 per share, with EPS estimates ranging from $3.67 to $3.91. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Five Below.
Five Below (NASDAQ:FIVE) last announced its quarterly earnings results on Wednesday, June 5th. The specialty retailer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $364.76 million for the quarter, compared to the consensus estimate of $362.28 million. Five Below had a return on equity of 25.21% and a net margin of 9.43%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS.
FIVE traded down $0.30 during midday trading on Thursday, hitting $108.20. 606,631 shares of the company were exchanged, compared to its average volume of 1,068,366. The company’s 50 day simple moving average is $119.62 and its 200 day simple moving average is $126.12. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.64. The company has a current ratio of 1.89, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00. Five Below has a 1-year low of $86.57 and a 1-year high of $148.21.
In other news, CFO Kenneth R. Bull sold 7,103 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $130.13, for a total transaction of $924,313.39. Following the sale, the chief financial officer now directly owns 79,227 shares in the company, valued at approximately $10,309,809.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Optimum Investment Advisors purchased a new position in Five Below in the 1st quarter valued at about $31,000. Shine Investment Advisory Services Inc. lifted its stake in Five Below by 73.3% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 305 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 129 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Five Below by 74.2% in the 1st quarter. Quadrant Capital Group LLC now owns 465 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 198 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in Five Below in the 1st quarter valued at about $60,000. Finally, Carroll Financial Associates Inc. lifted its stake in Five Below by 43.9% in the 1st quarter. Carroll Financial Associates Inc. now owns 492 shares of the specialty retailer’s stock valued at $61,000 after buying an additional 150 shares in the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.
Five Below Company Profile
Five Below, Inc operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
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