YETI (YETI) Scheduled to Post Earnings on Thursday

YETI (NYSE:YETI) will be posting its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect YETI to post earnings of $0.25 per share for the quarter. YETI has set its FY24 guidance at $2.45 to $2.50 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The company had revenue of $519.79 million during the quarter, compared to the consensus estimate of $535.99 million. During the same period in the previous year, the business earned $0.75 earnings per share. YETI’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect YETI to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

YETI Stock Performance

NYSE:YETI opened at $34.97 on Tuesday. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.93, a PEG ratio of 1.35 and a beta of 2.26. The stock’s fifty day moving average is $37.75 and its 200 day moving average is $42.38. YETI has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30.

Analysts Set New Price Targets

Several brokerages recently commented on YETI. Canaccord Genuity Group cut their price target on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Raymond James dropped their price objective on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Stifel Nicolaus cut their price objective on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. William Blair reiterated an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. Finally, KeyCorp upped their price target on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.00.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.