MYT Netherlands Parent B.V. (MYTE) Set to Announce Quarterly Earnings on Tuesday

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) will be issuing its quarterly earnings data before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. MYT Netherlands Parent B.V. has set its FY 2022 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). MYT Netherlands Parent B.V. had a negative net margin of 9.57% and a negative return on equity of 0.72%. The company had revenue of $214.52 million for the quarter, compared to analysts’ expectations of $263.82 million. During the same period in the previous year, the business earned $0.24 EPS. On average, analysts expect MYT Netherlands Parent B.V. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE MYTE opened at $12.33 on Tuesday. MYT Netherlands Parent B.V. has a 12 month low of $10.74 and a 12 month high of $32.71. The business’s 50 day moving average price is $12.29. The company has a current ratio of 2.83, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in shares of MYT Netherlands Parent B.V. by 24.1% in the second quarter. Morgan Stanley now owns 18,791 shares of the company’s stock valued at $572,000 after buying an additional 3,649 shares in the last quarter. LPL Financial LLC increased its stake in MYT Netherlands Parent B.V. by 58.2% in the third quarter. LPL Financial LLC now owns 10,967 shares of the company’s stock valued at $295,000 after purchasing an additional 4,033 shares during the last quarter. Millennium Management LLC increased its stake in MYT Netherlands Parent B.V. by 34.4% in the fourth quarter. Millennium Management LLC now owns 18,637 shares of the company’s stock valued at $395,000 after purchasing an additional 4,769 shares during the last quarter. Credit Suisse AG grew its position in MYT Netherlands Parent B.V. by 13.3% during the fourth quarter. Credit Suisse AG now owns 85,789 shares of the company’s stock valued at $1,820,000 after acquiring an additional 10,098 shares during the period. Finally, Jane Street Group LLC purchased a new stake in MYT Netherlands Parent B.V. during the third quarter valued at about $282,000. 22.36% of the stock is currently owned by institutional investors.

Several research analysts have commented on MYTE shares. Societe Generale raised shares of MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $29.00 to $25.00 in a research note on Monday, January 17th. Zacks Investment Research downgraded shares of MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating in a report on Thursday, February 24th. UBS Group upgraded MYT Netherlands Parent B.V. from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $30.00 to $19.00 in a research note on Thursday, March 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price (down previously from $39.00) on shares of MYT Netherlands Parent B.V. in a research report on Tuesday, April 12th. Finally, Cowen lowered their price objective on MYT Netherlands Parent B.V. from $40.00 to $22.00 in a research report on Thursday, February 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $22.00.

About MYT Netherlands Parent B.V. (Get Rating)

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.

See Also

Earnings History for MYT Netherlands Parent B.V. (NYSE:MYTE)

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