Genesco (GCO) Releases FY19 Earnings Guidance

Genesco (NYSE:GCO) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.15-3.40 for the period, compared to the Thomson Reuters consensus estimate of $3.23. Genesco also updated its FY 2019 guidance to $3.10-3.40 EPS.

GCO opened at $43.95 on Friday. The company has a current ratio of 2.26, a quick ratio of 0.53 and a debt-to-equity ratio of 0.09. The firm has a market cap of $887.07 million, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.82 and a beta of 1.03. Genesco has a 52-week low of $28.25 and a 52-week high of $51.85.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, December 6th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. The business had revenue of $713.10 million for the quarter, compared to the consensus estimate of $712.06 million. Genesco had a net margin of 2.31% and a return on equity of 7.20%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. On average, research analysts anticipate that Genesco will post 3.21 earnings per share for the current fiscal year.

GCO has been the topic of several recent analyst reports. Pivotal Research raised shares of Genesco from a hold rating to a buy rating and increased their price objective for the company from $44.00 to $54.00 in a report on Thursday, August 30th. Zacks Investment Research downgraded shares of Genesco from a buy rating to a hold rating in a report on Wednesday, November 7th. ValuEngine downgraded shares of Genesco from a buy rating to a hold rating in a report on Wednesday, November 21st. Macquarie increased their price objective on shares of Genesco from $28.00 to $32.00 and gave the company a hold rating in a report on Monday, September 10th. Finally, Piper Jaffray Companies set a $41.00 price objective on shares of Genesco and gave the company a hold rating in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Genesco currently has an average rating of Hold and a consensus target price of $41.78.

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Genesco Company Profile

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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