Zacks: Analysts Anticipate Canada Goose Holdings Inc. (NYSE:GOOS) Will Announce Earnings of $0.02 Per Share

Equities analysts predict that Canada Goose Holdings Inc. (NYSE:GOOSGet Rating) will report earnings per share of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Canada Goose’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.00. Canada Goose reported earnings of $0.01 per share during the same quarter last year, which would suggest a positive year over year growth rate of 100%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Canada Goose will report full-year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.87. For the next fiscal year, analysts anticipate that the business will post earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.37. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Canada Goose.

Canada Goose (NYSE:GOOSGet Rating) last posted its quarterly earnings results on Thursday, February 10th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.12. The firm had revenue of $586.10 million for the quarter, compared to analyst estimates of $586.52 million. Canada Goose had a net margin of 9.74% and a return on equity of 22.73%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share.

Several research analysts have issued reports on the stock. CIBC decreased their price target on shares of Canada Goose from C$67.00 to C$45.00 in a research report on Friday, February 11th. Robert W. Baird decreased their price target on shares of Canada Goose to C$50.00 in a research report on Friday, February 11th. Zacks Investment Research lowered shares of Canada Goose from a “buy” rating to a “sell” rating in a research report on Tuesday, February 15th. Veritas Investment Research upgraded shares of Canada Goose from a “reduce” rating to a “buy” rating in a research report on Monday, February 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Canada Goose from C$55.00 to C$45.00 in a research report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $43.00.

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in shares of Canada Goose by 19,764.4% in the 4th quarter. Marshall Wace LLP now owns 1,211,731 shares of the company’s stock valued at $44,910,000 after purchasing an additional 1,205,631 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Canada Goose by 871.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,204,884 shares of the company’s stock valued at $43,018,000 after purchasing an additional 1,080,884 shares during the last quarter. Barclays PLC lifted its stake in shares of Canada Goose by 129.8% in the 3rd quarter. Barclays PLC now owns 1,569,741 shares of the company’s stock valued at $55,993,000 after purchasing an additional 886,795 shares during the last quarter. Norges Bank acquired a new stake in shares of Canada Goose in the 4th quarter valued at $17,653,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canada Goose by 462.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 560,632 shares of the company’s stock valued at $20,793,000 after purchasing an additional 460,868 shares during the last quarter. Institutional investors and hedge funds own 43.23% of the company’s stock.

Canada Goose stock traded up $0.17 during mid-day trading on Tuesday, hitting $24.41. The company’s stock had a trading volume of 46,052 shares, compared to its average volume of 865,218. The company has a quick ratio of 1.42, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $2.61 billion, a P/E ratio of 31.46, a P/E/G ratio of 0.56 and a beta of 1.59. Canada Goose has a twelve month low of $21.20 and a twelve month high of $53.64. The stock’s fifty day moving average price is $26.59 and its two-hundred day moving average price is $34.50.

Canada Goose Company Profile (Get Rating)

Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.

Further Reading

Get a free copy of the Zacks research report on Canada Goose (GOOS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.