Genesco Inc. Expected to Earn Q2 2019 Earnings of $0.06 Per Share (GCO)

Genesco Inc. (NYSE:GCO) – Investment analysts at SunTrust Banks issued their Q2 2019 EPS estimates for shares of Genesco in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst P. Quintiliano anticipates that the company will post earnings of $0.06 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $41.00 target price on the stock. SunTrust Banks also issued estimates for Genesco’s Q3 2019 earnings at $1.23 EPS and Q4 2019 earnings at $2.02 EPS.

Genesco (NYSE:GCO) last issued its earnings results on Friday, December 1st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). The firm had revenue of $716.80 million during the quarter, compared to analyst estimates of $706.58 million. Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS.

Several other analysts have also recently weighed in on the stock. Piper Jaffray Companies set a $40.00 target price on shares of Genesco and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of Genesco from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a report on Wednesday, January 31st. Pivotal Research set a $44.00 price target on shares of Genesco and gave the company a “buy” rating in a research note on Wednesday, January 31st. Jefferies Group set a $42.00 price target on shares of Genesco and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $31.00 price target on shares of Genesco in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Genesco currently has a consensus rating of “Hold” and a consensus price target of $37.90.

Shares of Genesco (NYSE GCO) traded down $0.05 during trading hours on Thursday, reaching $38.15. 378,865 shares of the company traded hands, compared to its average volume of 360,389. The firm has a market capitalization of $760.68, a PE ratio of -6.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. Genesco has a 52-week low of $20.90 and a 52-week high of $63.50. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Genesco by 4.2% in the fourth quarter. BlackRock Inc. now owns 2,534,649 shares of the company’s stock valued at $82,376,000 after purchasing an additional 102,787 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in Genesco in the fourth quarter valued at approximately $42,811,000. Fuller & Thaler Asset Management Inc. increased its stake in Genesco by 0.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 909,846 shares of the company’s stock valued at $24,202,000 after purchasing an additional 3,578 shares during the last quarter. Legion Partners Asset Management LLC purchased a new position in Genesco in the fourth quarter valued at approximately $26,777,000. Finally, State Street Corp increased its stake in Genesco by 12.4% in the second quarter. State Street Corp now owns 648,235 shares of the company’s stock valued at $21,977,000 after purchasing an additional 71,541 shares during the last quarter. Institutional investors own 98.38% of the company’s stock.

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About Genesco

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

Earnings History and Estimates for Genesco (NYSE:GCO)

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