Genesco (NYSE:GCO) Releases FY20 Earnings Guidance

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Genesco (NYSE:GCO) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $4.10-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.05.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Genesco from a strong-buy rating to a hold rating in a research note on Monday, November 11th. Pivotal Research upgraded shares of Genesco from a hold rating to a buy rating and increased their price target for the company from $40.00 to $48.00 in a report on Monday, September 9th. Finally, Susquehanna Bancshares reissued a buy rating and set a $56.00 price target on shares of Genesco in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $50.33.

Shares of NYSE:GCO opened at $48.82 on Monday. The company has a market cap of $732.24 million, a P/E ratio of 14.88, a PEG ratio of 2.30 and a beta of 0.49. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.34 and a quick ratio of 0.28. Genesco has a 1 year low of $31.65 and a 1 year high of $50.73. The stock’s fifty day moving average price is $39.11 and its 200-day moving average price is $39.75.

Genesco (NYSE:GCO) last released its quarterly earnings data on Friday, December 6th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.10 by $0.23. Genesco had a positive return on equity of 10.97% and a negative net margin of 1.74%. The company had revenue of $537.30 million during the quarter, compared to the consensus estimate of $540.64 million. During the same period last year, the company earned $0.95 EPS. Genesco’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Genesco will post 4.25 earnings per share for the current year.

Genesco Company Profile

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.

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Earnings History and Estimates for Genesco (NYSE:GCO)

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