Genesco (NYSE:GCO – Get Rating) released its quarterly earnings results on Thursday. The company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.53, MarketWatch Earnings reports. Genesco had a net margin of 4.74% and a return on equity of 18.74%. The business had revenue of $520.80 million for the quarter, compared to analysts’ expectations of $521.05 million. During the same period in the prior year, the firm earned $0.79 earnings per share. Genesco’s revenue was down 3.3% compared to the same quarter last year. Genesco updated its FY 2023 guidance to $7.00-$7.75 EPS and its FY23 guidance to $7.00-7.75 EPS.
GCO traded up $2.10 during mid-day trading on Thursday, hitting $57.03. The stock had a trading volume of 5,592 shares, compared to its average volume of 188,911. The stock’s fifty day simple moving average is $63.97 and its 200-day simple moving average is $64.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.00. The firm has a market capitalization of $778.86 million, a price-to-earnings ratio of 7.48 and a beta of 1.91. Genesco has a 1-year low of $50.01 and a 1-year high of $73.72.
Several analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Genesco in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $71.33.
Genesco Company Profile (Get Rating)
Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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