Zacks: Brokerages Expect DSW Inc. (DSW) to Announce $0.47 Earnings Per Share

Brokerages expect DSW Inc. (NYSE:DSW) to post $0.47 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for DSW’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.49. DSW reported earnings of $0.38 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.7%. The company is expected to issue its next quarterly earnings report on Tuesday, August 28th.

According to Zacks, analysts expect that DSW will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.60 to $1.63. For the next year, analysts expect that the company will report earnings of $1.72 per share, with EPS estimates ranging from $1.64 to $1.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for DSW.

DSW (NYSE:DSW) last released its quarterly earnings data on Wednesday, May 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. DSW had a net margin of 2.43% and a return on equity of 13.42%. The firm had revenue of $712.10 million for the quarter, compared to the consensus estimate of $683.83 million. During the same period last year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis.

A number of equities analysts have recently issued reports on DSW shares. Canaccord Genuity set a $22.00 price objective on shares of DSW and gave the company a “hold” rating in a research note on Tuesday, May 29th. Zacks Investment Research upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, May 15th. Needham & Company LLC started coverage on shares of DSW in a research note on Thursday, June 21st. They set a “buy” rating and a $29.00 price objective on the stock. TheStreet upgraded shares of DSW from a “c+” rating to a “b” rating in a research note on Tuesday, April 10th. Finally, Deutsche Bank downgraded shares of DSW from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research note on Wednesday, May 23rd. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.30.

Shares of NYSE DSW traded up $0.31 during midday trading on Thursday, reaching $27.74. 954,100 shares of the company’s stock traded hands, compared to its average volume of 1,719,858. DSW has a one year low of $15.14 and a one year high of $28.34. The company has a market cap of $2.20 billion, a PE ratio of 18.25, a P/E/G ratio of 2.35 and a beta of 0.63.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 5th. Shareholders of record on Thursday, June 21st were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, June 20th. This represents a $1.00 annualized dividend and a yield of 3.60%. DSW’s dividend payout ratio (DPR) is 65.79%.

In other DSW news, CFO Jared A. Poff sold 1,960 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $25.47, for a total value of $49,921.20. Following the completion of the sale, the chief financial officer now directly owns 11,785 shares in the company, valued at $300,163.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bbva Compass Bancshares Inc. boosted its stake in DSW by 29.7% in the second quarter. Bbva Compass Bancshares Inc. now owns 13,820 shares of the company’s stock valued at $356,000 after acquiring an additional 3,168 shares in the last quarter. D.A. Davidson & CO. boosted its stake in DSW by 10.7% in the second quarter. D.A. Davidson & CO. now owns 20,090 shares of the company’s stock valued at $519,000 after acquiring an additional 1,947 shares in the last quarter. Amica Retiree Medical Trust acquired a new stake in DSW in the second quarter valued at approximately $119,000. Amica Pension Fund Board of Trustees acquired a new stake in DSW in the second quarter valued at approximately $760,000. Finally, Amica Mutual Insurance Co. purchased a new position in shares of DSW in the second quarter worth $845,000. Institutional investors own 95.27% of the company’s stock.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Earnings History and Estimates for DSW (NYSE:DSW)

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