Canada Goose (NYSE:GOOS) Updates FY 2020 Earnings Guidance

Canada Goose (NYSE:GOOS) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.30 for the period. The company issued revenue guidance of $747.45 million.Canada Goose also updated its FY20 guidance to +25% to $1.70 EPS.

Several research firms have recently commented on GOOS. Zacks Investment Research upgraded shares of Canada Goose from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Wednesday, July 31st. Goldman Sachs Group upgraded shares of Canada Goose from a neutral rating to a buy rating and lowered their price target for the company from $65.00 to $47.00 in a report on Friday, May 31st. Wells Fargo & Co restated a hold rating on shares of Canada Goose in a report on Thursday, May 30th. HSBC began coverage on shares of Canada Goose in a report on Monday, May 20th. They issued a buy rating and a $48.32 price objective for the company. Finally, Bank of America cut shares of Canada Goose from a buy rating to a neutral rating and set a $33.50 price objective for the company. in a report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Canada Goose presently has an average rating of Buy and a consensus target price of $69.25.

NYSE:GOOS traded down $1.72 during trading hours on Wednesday, reaching $41.49. The company’s stock had a trading volume of 68,154 shares, compared to its average volume of 1,967,288. The company has a market cap of $4.79 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 1.22 and a beta of 3.03. Canada Goose has a one year low of $31.67 and a one year high of $72.27. The business has a 50-day moving average of $42.66. The company has a current ratio of 3.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Canada Goose (NYSE:GOOS) last issued its quarterly earnings data on Wednesday, May 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The firm had revenue of $156.20 million during the quarter, compared to analysts’ expectations of $158.85 million. Canada Goose had a net margin of 17.24% and a return on equity of 46.09%. Canada Goose’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Sell-side analysts forecast that Canada Goose will post 1.26 EPS for the current fiscal year.

Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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Earnings History and Estimates for Canada Goose (NYSE:GOOS)

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