Fast Retailing (FRCOY) Expected to Announce Earnings on Thursday

Fast Retailing (OTCMKTS:FRCOY) is expected to be posting its resultson Thursday, April 9th. Analysts expect Fast Retailing to post earnings of $0.1967 per share and revenue of $6.2649 billion for the quarter.

Fast Retailing Stock Performance

Shares of OTCMKTS:FRCOY opened at $40.25 on Thursday. The business has a fifty day moving average price of $41.12 and a 200-day moving average price of $37.48. Fast Retailing has a 1-year low of $28.46 and a 1-year high of $45.83.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Nomura upgraded shares of Fast Retailing to a “hold” rating in a research note on Tuesday, March 3rd. Zacks Research downgraded shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.