Brokerages expect Tiffany & Co. (NYSE:TIF) to announce earnings of $0.87 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Tiffany & Co.’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.80. Tiffany & Co. reported earnings of $0.84 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, August 24th.
According to Zacks, analysts expect that Tiffany & Co. will report full-year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.89 to $3.97. For the next fiscal year, analysts forecast that the company will report earnings of $4.29 per share, with EPS estimates ranging from $3.80 to $4.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Tiffany & Co..
Tiffany & Co. (NYSE:TIF) last announced its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $899.60 million for the quarter, compared to analyst estimates of $915.48 million. Tiffany & Co. had a return on equity of 12.27% and a net margin of 10.33%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share.
A number of brokerages have recently commented on TIF. Royal Bank Of Canada reissued a “hold” rating on shares of Tiffany & Co. in a research report on Friday, July 7th. Bank of America Corporation reissued a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Cowen and Company reissued an “outperform” rating and issued a $107.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 23rd. BidaskClub raised Tiffany & Co. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price target on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Tiffany & Co. presently has a consensus rating of “Buy” and a consensus price target of $92.36.
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Large investors have recently made changes to their positions in the stock. Delphi Private Advisors LLC raised its stake in shares of Tiffany & Co. by 100.0% in the second quarter. Delphi Private Advisors LLC now owns 1,200 shares of the specialty retailer’s stock worth $100,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Tiffany & Co. by 6.0% in the first quarter. Fifth Third Bancorp now owns 1,090 shares of the specialty retailer’s stock worth $104,000 after buying an additional 62 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Tiffany & Co. by 66.9% in the first quarter. IFP Advisors Inc now owns 1,237 shares of the specialty retailer’s stock worth $118,000 after buying an additional 496 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Tiffany & Co. by 325.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the specialty retailer’s stock worth $132,000 after buying an additional 1,300 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Tiffany & Co. during the first quarter worth $133,000. Institutional investors and hedge funds own 81.06% of the company’s stock.
Tiffany & Co. (NYSE TIF) opened at 92.16 on Tuesday. Tiffany & Co. has a one year low of $61.93 and a one year high of $97.29. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 25.59 and a beta of 1.92. The firm has a 50-day moving average price of $93.04 and a 200 day moving average price of $90.01.
The business also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Tuesday, June 20th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, June 16th. This is a positive change from Tiffany & Co.’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.17%. Tiffany & Co.’s payout ratio is currently 55.56%.
About Tiffany & Co.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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