Zacks: Analysts Anticipate Gap Inc (GPS) Will Announce Earnings of $0.69 Per Share

Wall Street analysts forecast that Gap Inc (NYSE:GPS) will post earnings per share of $0.69 for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for GAP’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.74. GAP reported earnings of $0.61 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 7th.

On average, analysts expect that GAP will report full-year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.60. For the next fiscal year, analysts anticipate that the company will report earnings of $2.67 per share, with EPS estimates ranging from $2.38 to $3.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for GAP.

GAP (NYSE:GPS) last announced its earnings results on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. GAP had a net margin of 5.57% and a return on equity of 29.45%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis.

A number of brokerages have weighed in on GPS. Barclays downgraded shares of GAP from an “overweight” rating to an “underweight” rating and set a $25.25 target price for the company. in a research note on Friday. MKM Partners dropped their target price on shares of GAP to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, November 28th. ValuEngine cut shares of GAP from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. B. Riley dropped their target price on shares of GAP from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, November 21st. Finally, Standpoint Research upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.97.

Shares of NYSE GPS traded down $0.01 on Monday, reaching $25.24. 4,509,064 shares of the company’s stock traded hands, compared to its average volume of 6,708,400. GAP has a 12 month low of $24.25 and a 12 month high of $35.68. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.13 and a beta of 0.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 1.97.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 30th. Stockholders of record on Wednesday, January 9th will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, January 8th. GAP’s dividend payout ratio is presently 45.54%.

Several institutional investors have recently modified their holdings of GPS. AQR Capital Management LLC boosted its stake in shares of GAP by 456.0% during the 3rd quarter. AQR Capital Management LLC now owns 9,883,253 shares of the apparel retailer’s stock worth $285,132,000 after acquiring an additional 8,105,713 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in GAP by 626.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,743,079 shares of the apparel retailer’s stock valued at $88,848,000 after acquiring an additional 2,365,680 shares during the last quarter. Vanguard Group Inc. increased its holdings in GAP by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,822,458 shares of the apparel retailer’s stock valued at $802,678,000 after acquiring an additional 1,433,737 shares during the last quarter. Vanguard Group Inc increased its holdings in GAP by 5.4% in the 3rd quarter. Vanguard Group Inc now owns 27,822,458 shares of the apparel retailer’s stock valued at $802,678,000 after acquiring an additional 1,433,737 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in GAP in the 2nd quarter valued at $42,264,000. Institutional investors and hedge funds own 56.53% of the company’s stock.

GAP Company Profile

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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