Brokerages Expect Dillard’s, Inc. (NYSE:DDS) to Announce -$0.21 Earnings Per Share

Wall Street analysts expect that Dillard’s, Inc. (NYSE:DDS) will announce earnings of ($0.21) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dillard’s’ earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.45). Dillard’s posted earnings of $0.27 per share in the same quarter last year, which suggests a negative year over year growth rate of 177.8%. The business is scheduled to announce its next earnings report on Thursday, November 21st.

According to Zacks, analysts expect that Dillard’s will report full-year earnings of $3.55 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $3.82. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.22 per share, with EPS estimates ranging from $2.19 to $4.57. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Dillard’s.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, August 15th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.97). The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.23%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) earnings per share.

Several analysts have issued reports on DDS shares. Deutsche Bank dropped their target price on Dillard’s from $49.00 to $36.00 and set a “sell” rating on the stock in a research report on Monday, August 19th. Wedbush reissued a “neutral” rating and issued a $56.00 price target (down from $62.00) on shares of Dillard’s in a research report on Wednesday, August 14th. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. dropped their price objective on Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. Finally, Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $54.33.

In other Dillard’s news, VP Tony J. Bolte sold 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $64.46, for a total value of $154,704.00. Following the completion of the sale, the vice president now directly owns 1,840 shares in the company, valued at $118,606.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 20.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. grew its stake in Dillard’s by 4.7% during the 1st quarter. CSat Investment Advisory L.P. now owns 3,392 shares of the company’s stock worth $244,000 after buying an additional 153 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in Dillard’s by 22.0% in the second quarter. Point72 Hong Kong Ltd now owns 1,199 shares of the company’s stock valued at $75,000 after buying an additional 216 shares during the last quarter. Signaturefd LLC raised its stake in Dillard’s by 153.5% in the second quarter. Signaturefd LLC now owns 431 shares of the company’s stock valued at $27,000 after buying an additional 261 shares during the last quarter. First Trust Advisors LP raised its stake in Dillard’s by 0.8% in the first quarter. First Trust Advisors LP now owns 35,706 shares of the company’s stock valued at $2,572,000 after buying an additional 283 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in Dillard’s by 6.9% in the second quarter. United Services Automobile Association now owns 5,940 shares of the company’s stock worth $370,000 after acquiring an additional 385 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s stock traded up $0.28 during mid-day trading on Friday, reaching $69.57. 773,896 shares of the company were exchanged, compared to its average volume of 467,070. The business has a fifty day moving average of $63.30 and a 200 day moving average of $65.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.26 and a current ratio of 1.86. The firm has a market cap of $1.80 billion, a P/E ratio of 11.37 and a beta of 1.12. Dillard’s has a 12-month low of $47.95 and a 12-month high of $86.71.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.10. Dillard’s’s payout ratio is 6.54%.

About Dillard’s

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

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Earnings History and Estimates for Dillard`s (NYSE:DDS)

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