Analysts Expect Foot Locker, Inc. (NYSE:FL) to Announce $0.86 Earnings Per Share

Analysts predict that Foot Locker, Inc. (NYSE:FLGet Rating) will announce $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Foot Locker’s earnings. The lowest EPS estimate is $0.36 and the highest is $1.10. Foot Locker posted earnings of $2.21 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 61.1%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Foot Locker will report full-year earnings of $4.52 per share for the current year, with EPS estimates ranging from $4.33 to $4.60. For the next fiscal year, analysts expect that the business will report earnings of $4.36 per share, with EPS estimates ranging from $3.91 to $5.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Foot Locker.

Foot Locker (NYSE:FLGet Rating) last announced its quarterly earnings data on Friday, May 20th. The athletic footwear retailer reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Foot Locker had a return on equity of 25.11% and a net margin of 9.97%. Foot Locker’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.96 EPS.

A number of equities analysts have commented on the company. William Blair raised Foot Locker from a “sell” rating to a “hold” rating in a research note on Saturday, February 26th. Cowen cut Foot Locker from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $42.00 to $34.00 in a research note on Monday, March 28th. Argus lowered Foot Locker from a “buy” rating to a “hold” rating in a research report on Wednesday, March 9th. The Goldman Sachs Group lowered Foot Locker from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $63.00 to $35.00 in a research report on Monday, February 28th. Finally, Morgan Stanley lifted their price objective on Foot Locker from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Monday, May 23rd. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.22.

Foot Locker stock traded up $0.59 during trading hours on Friday, reaching $33.29. The company had a trading volume of 2,368,121 shares, compared to its average volume of 3,018,588. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.36 and a quick ratio of 0.63. The company has a 50-day moving average price of $30.06 and a 200 day moving average price of $38.00. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 3.89, a P/E/G ratio of 0.21 and a beta of 1.28. Foot Locker has a 12-month low of $26.36 and a 12-month high of $64.71.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, July 14th. Foot Locker’s payout ratio is 18.69%.

In related news, VP John A. Maurer sold 3,650 shares of the company’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $31.00, for a total transaction of $113,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of FL. Meeder Asset Management Inc. bought a new stake in Foot Locker during the 1st quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Foot Locker by 173.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 849 shares of the athletic footwear retailer’s stock worth $25,000 after acquiring an additional 539 shares during the last quarter. Oakworth Capital Inc. purchased a new position in Foot Locker in the 4th quarter worth $27,000. Advisors Asset Management Inc. raised its stake in Foot Locker by 124.9% in the 4th quarter. Advisors Asset Management Inc. now owns 794 shares of the athletic footwear retailer’s stock worth $35,000 after acquiring an additional 441 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Foot Locker in the 4th quarter worth $54,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Foot Locker Company Profile (Get Rating)

Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

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Earnings History and Estimates for Foot Locker (NYSE:FL)

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