Nordstrom (JWN) to Release Earnings on Tuesday

Nordstrom (NYSE:JWN) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Nordstrom has set its FY25 guidance at $1.75-2.05 EPS and its FY 2024 guidance at 1.750-2.050 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Nordstrom (NYSE:JWN) last announced its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.88 billion. Nordstrom had a negative net margin of 1.44% and a negative return on equity of 21.26%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, analysts expect Nordstrom to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nordstrom Price Performance

JWN stock opened at $22.31 on Tuesday. The company has a market capitalization of $3.66 billion, a P/E ratio of 13.37 and a beta of 2.59. Nordstrom has a twelve month low of $13.68 and a twelve month high of $24.93. The business has a 50 day simple moving average of $22.74 and a 200-day simple moving average of $22.07. The company has a current ratio of 1.07, a quick ratio of 0.41 and a debt-to-equity ratio of 2.76.

Nordstrom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Tuesday, September 3rd. Nordstrom’s dividend payout ratio is presently 44.44%.

Insider Activity

In other news, COO Alexis Depree sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total value of $464,000.00. Following the completion of the sale, the chief operating officer now directly owns 169,331 shares in the company, valued at approximately $3,928,479.20. The trade was a 10.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Nordstrom from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, August 28th. StockNews.com raised Nordstrom from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. TD Cowen lifted their price objective on Nordstrom from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. KeyCorp lowered Nordstrom from an “overweight” rating to a “sector weight” rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets lifted their price objective on Nordstrom from $20.00 to $22.00 and gave the company a “market perform” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Nordstrom has a consensus rating of “Hold” and an average price target of $20.33.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.