Foot Locker (NYSE:FL) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, August 23rd. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
Foot Locker (NYSE:FL) last announced its quarterly earnings data on Friday, May 24th. The athletic footwear retailer reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.08). Foot Locker had a net margin of 6.86% and a return on equity of 21.75%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the business posted $1.45 earnings per share. Foot Locker’s revenue was up 2.6% compared to the same quarter last year. On average, analysts expect Foot Locker to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of FL stock opened at $37.02 on Friday. Foot Locker has a 52-week low of $36.81 and a 52-week high of $68.00. The stock has a market cap of $4.30 billion, a PE ratio of 7.86, a PEG ratio of 0.79 and a beta of 0.98. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.07 and a current ratio of 2.01. The firm’s 50 day moving average price is $41.28 and its two-hundred day moving average price is $51.59.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, July 19th were paid a $0.38 dividend. The ex-dividend date was Thursday, July 18th. This represents a $1.52 dividend on an annualized basis and a yield of 4.11%. Foot Locker’s payout ratio is presently 32.27%.
In other news, Director Matthew M. Mckenna sold 7,000 shares of Foot Locker stock in a transaction on Friday, August 9th. The shares were sold at an average price of $40.53, for a total transaction of $283,710.00. Following the transaction, the director now directly owns 26,862 shares of the company’s stock, valued at $1,088,716.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
FL has been the topic of a number of recent research reports. TheStreet cut shares of Foot Locker from a “b-” rating to a “c+” rating in a research note on Monday, June 17th. Pivotal Research reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Foot Locker in a research note on Tuesday, May 28th. Deutsche Bank reduced their price objective on shares of Foot Locker from $82.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, May 28th. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Foot Locker in a research note on Friday, May 24th. Finally, ValuEngine cut shares of Foot Locker from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. Foot Locker presently has an average rating of “Buy” and an average target price of $67.72.
About Foot Locker
Foot Locker, Inc, through its subsidiaries, operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep, and SIX:02.
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