Zacks: Brokerages Anticipate The Gap, Inc. (NYSE:GPS) to Announce $0.38 Earnings Per Share

Wall Street analysts predict that The Gap, Inc. (NYSE:GPSGet Rating) will announce earnings per share of $0.38 for the current quarter, Zacks reports. Six analysts have provided estimates for GAP’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.24. GAP posted earnings of $0.70 per share during the same quarter last year, which would indicate a negative year over year growth rate of 45.7%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that GAP will report full year earnings of $0.56 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $0.82 to $2.12. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover GAP.

GAP (NYSE:GPSGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The apparel retailer reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.31). GAP had a positive return on equity of 7.43% and a negative net margin of 0.45%. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s revenue for the quarter was down 12.9% on a year-over-year basis.

A number of equities research analysts have recently issued reports on GPS shares. Robert W. Baird reduced their price objective on GAP from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, May 27th. TheStreet cut GAP from a “c” rating to a “d+” rating in a research note on Thursday, May 26th. StockNews.com cut GAP from a “hold” rating to a “sell” rating in a research note on Monday. BMO Capital Markets cut their price target on GAP from $16.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, April 22nd. Finally, Citigroup cut their price target on GAP from $8.00 to $7.00 in a research note on Friday, May 27th. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, GAP currently has an average rating of “Hold” and a consensus price target of $12.59.

Shares of NYSE:GPS opened at $11.03 on Wednesday. GAP has a 12-month low of $9.24 and a 12-month high of $34.49. The stock has a market cap of $4.08 billion, a PE ratio of -52.52, a P/E/G ratio of 1.73 and a beta of 1.65. The business has a 50 day moving average of $12.87 and a 200-day moving average of $15.58. The company has a quick ratio of 0.53, a current ratio of 1.44 and a debt-to-equity ratio of 0.75.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Tuesday, July 5th. GAP’s dividend payout ratio (DPR) is currently -285.71%.

Institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of GAP during the 4th quarter valued at $27,000. CKW Financial Group raised its position in GAP by 118.2% in the 1st quarter. CKW Financial Group now owns 2,400 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 1,300 shares during the period. Byrne Asset Management LLC raised its position in GAP by 111.5% in the 1st quarter. Byrne Asset Management LLC now owns 2,474 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 1,304 shares during the period. Covestor Ltd purchased a new position in GAP in the 4th quarter worth $40,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in GAP by 270.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,850 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 1,350 shares during the period. Hedge funds and other institutional investors own 58.23% of the company’s stock.

About GAP (Get Rating)

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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