Wall Street brokerages predict that Nordstrom, Inc. (NYSE:JWN) will post sales of $3.47 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Nordstrom’s earnings, with the lowest sales estimate coming in at $3.45 billion and the highest estimate coming in at $3.48 billion. Nordstrom reported sales of $3.28 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The firm is scheduled to announce its next earnings results on Thursday, May 10th.
On average, analysts expect that Nordstrom will report full year sales of $3.47 billion for the current year, with estimates ranging from $15.69 billion to $16.08 billion. For the next financial year, analysts anticipate that the business will post sales of $16.17 billion per share, with estimates ranging from $16.03 billion to $16.41 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Nordstrom.
Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.04). The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.57 billion. Nordstrom had a return on equity of 60.72% and a net margin of 2.86%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of JWN. San Francisco Sentry Investment Group CA boosted its stake in shares of Nordstrom by 1,752.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock worth $109,000 after buying an additional 2,190 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Nordstrom in the fourth quarter worth about $115,000. Cerebellum GP LLC purchased a new stake in shares of Nordstrom in the fourth quarter worth about $131,000. Calton & Associates Inc. purchased a new stake in shares of Nordstrom in the fourth quarter worth about $153,000. Finally, Tiedemann Wealth Management LLC boosted its stake in shares of Nordstrom by 15.4% in the third quarter. Tiedemann Wealth Management LLC now owns 10,600 shares of the specialty retailer’s stock worth $219,000 after buying an additional 1,418 shares during the last quarter. Hedge funds and other institutional investors own 58.75% of the company’s stock.
Nordstrom (JWN) traded up $0.04 on Wednesday, hitting $49.36. The stock had a trading volume of 1,066,583 shares, compared to its average volume of 2,103,552. The company has a market cap of $8,236.44, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 2.74. Nordstrom has a 52-week low of $37.79 and a 52-week high of $54.00.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.48 annualized dividend and a yield of 3.00%. Nordstrom’s payout ratio is presently 57.36%.
TRADEMARK VIOLATION WARNING: “$3.47 Billion in Sales Expected for Nordstrom, Inc. (JWN) This Quarter” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/03/20/3-47-billion-in-sales-expected-for-nordstrom-inc-jwn-this-quarter.html.
Nordstrom Company Profile
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nordstrom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom and related companies with MarketBeat.com's FREE daily email newsletter.