Somewhat Positive News Coverage Somewhat Unlikely to Affect Genesco (GCO) Share Price

News stories about Genesco (NYSE:GCO) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genesco earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.3715726495471 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Genesco (GCO) opened at $34.15 on Wednesday. Genesco has a 1-year low of $20.90 and a 1-year high of $65.70. The stock has a market cap of $702.94, a P/E ratio of -5.39, a PEG ratio of 1.21 and a beta of 1.37. The company has a current ratio of 2.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.29.

Genesco (NYSE:GCO) last released its earnings results on Friday, December 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.10). Genesco had a negative net margin of 4.24% and a positive return on equity of 6.93%. The business had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $706.58 million. During the same quarter in the previous year, the business posted $1.28 earnings per share. Genesco’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts predict that Genesco will post 3.07 EPS for the current fiscal year.

Several analysts have commented on the stock. Susquehanna Bancshares restated a “hold” rating and issued a $31.00 price objective on shares of Genesco in a report on Tuesday. Jefferies Group upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. ValuEngine lowered shares of Genesco from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Robert W. Baird restated a “hold” rating and issued a $35.00 price objective on shares of Genesco in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.38.

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Genesco Company Profile

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.

Insider Buying and Selling by Quarter for Genesco (NYSE:GCO)

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