Zacks: Analysts Anticipate Abercrombie & Fitch Co. (NYSE:ANF) Will Announce Earnings of $0.96 Per Share

Brokerages expect Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) to post $0.96 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Abercrombie & Fitch’s earnings. The lowest EPS estimate is $0.81 and the highest is $1.14. Abercrombie & Fitch posted earnings per share of $1.70 during the same quarter last year, which would suggest a negative year over year growth rate of 43.5%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Abercrombie & Fitch will report full-year earnings of $3.37 per share for the current year, with EPS estimates ranging from $2.96 to $3.60. For the next year, analysts forecast that the business will post earnings of $4.03 per share, with EPS estimates ranging from $3.05 to $5.33. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF – Get Rating) last issued its earnings results on Tuesday, May 24th. The apparel retailer reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.29). Abercrombie & Fitch had a net margin of 7.08% and a return on equity of 29.73%. The firm had revenue of $812.80 million during the quarter, compared to analysts’ expectations of $799.33 million. During the same quarter in the prior year, the company earned $0.67 EPS. Abercrombie & Fitch’s quarterly revenue was up 4.0% on a year-over-year basis.

A number of research firms recently issued reports on ANF. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $32.00 to $17.00 and set an “underweight” rating for the company in a research report on Wednesday. B. Riley lowered their target price on Abercrombie & Fitch from $48.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup cut Abercrombie & Fitch from a “buy” rating to a “neutral” rating and reduced their price target for the company from $59.00 to $30.00 in a research report on Monday. TheStreet lowered Abercrombie & Fitch from a “b” rating to a “c” rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $38.09.

Shares of ANF stock traded down $0.08 during trading hours on Thursday, hitting $22.15. The company’s stock had a trading volume of 336,804 shares, compared to its average volume of 2,126,973. The stock has a market cap of $1.12 billion, a PE ratio of 5.17 and a beta of 1.40. Abercrombie & Fitch has a 12-month low of $18.31 and a 12-month high of $48.97. The company has a 50 day moving average of $32.63 and a 200 day moving average of $35.21. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 0.36.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC purchased a new position in Abercrombie & Fitch in the 4th quarter valued at about $25,000. DB Wealth Management Group LLC purchased a new position in shares of Abercrombie & Fitch in the first quarter valued at approximately $33,000. Nisa Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch in the first quarter worth approximately $91,000. Geneos Wealth Management Inc. purchased a new stake in shares of Abercrombie & Fitch during the first quarter worth approximately $95,000. Finally, Gladius Capital Management LP acquired a new position in Abercrombie & Fitch in the 4th quarter valued at $106,000. Institutional investors and hedge funds own 99.58% of the company’s stock.

About Abercrombie & Fitch (Get Rating)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

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