Zacks: Analysts Anticipate Abercrombie & Fitch Co. (NYSE:ANF) to Post -$0.44 Earnings Per Share

Wall Street brokerages predict that Abercrombie & Fitch Co. (NYSE:ANF) will announce earnings per share (EPS) of ($0.44) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Abercrombie & Fitch’s earnings, with the highest EPS estimate coming in at ($0.43) and the lowest estimate coming in at ($0.47). Abercrombie & Fitch reported earnings per share of $0.06 during the same quarter last year, which would suggest a negative year-over-year growth rate of 833.3%. The firm is expected to report its next quarterly earnings results on Thursday, August 29th.

According to Zacks, analysts expect that Abercrombie & Fitch will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.56 to $1.13. For the next year, analysts anticipate that the business will post earnings of $1.35 per share, with EPS estimates ranging from $0.78 to $1.81. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.14. The business had revenue of $733.97 million during the quarter, compared to the consensus estimate of $730.79 million. Abercrombie & Fitch had a net margin of 2.76% and a return on equity of 8.73%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.56) EPS.

ANF has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Abercrombie & Fitch from $20.00 to $16.00 and set an “underperform” rating for the company in a research report on Thursday, May 30th. ValuEngine upgraded shares of Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 6th. TheStreet downgraded shares of Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, May 21st. Finally, Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Abercrombie & Fitch currently has a consensus rating of “Hold” and a consensus target price of $22.33.

Shares of NYSE:ANF traded up $0.15 during trading on Wednesday, hitting $18.93. 1,872,676 shares of the company were exchanged, compared to its average volume of 2,649,298. The stock has a market capitalization of $1.24 billion, a PE ratio of 16.46, a P/E/G ratio of 1.34 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 1.32. Abercrombie & Fitch has a 12-month low of $14.66 and a 12-month high of $30.63. The company has a 50 day moving average of $16.99.

Institutional investors have recently made changes to their positions in the company. Optimum Investment Advisors acquired a new position in shares of Abercrombie & Fitch in the 1st quarter valued at $27,000. Investors Research Corp acquired a new position in Abercrombie & Fitch in the 1st quarter valued at $130,000. CIBC World Markets Inc. acquired a new position in Abercrombie & Fitch in the 1st quarter valued at $216,000. DekaBank Deutsche Girozentrale acquired a new position in Abercrombie & Fitch in the 1st quarter valued at $171,000. Finally, Juncture Wealth Strategies LLC acquired a new position in Abercrombie & Fitch in the 1st quarter valued at $235,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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