Macy’s (NYSE:M) Announces Earnings Results, Beats Estimates By $0.25 EPS

Macy’s (NYSE:M) released its earnings results on Thursday. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.25, Zacks reports. The business had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.76 billion. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. Macy’s updated its FY 2025 guidance to 2.050-2.250 EPS.

Macy’s Stock Down 0.8 %

Shares of NYSE M opened at $13.21 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The company has a 50-day moving average price of $15.19 and a 200-day moving average price of $15.51. The stock has a market capitalization of $3.67 billion, a P/E ratio of 22.38 and a beta of 2.05. Macy’s has a 1 year low of $12.60 and a 1 year high of $22.10.

Macy’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.53%. This is a positive change from Macy’s’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, March 14th. Macy’s’s dividend payout ratio (DPR) is 116.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Benchmark raised Macy’s to a “strong-buy” rating in a research note on Monday, February 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Gordon Haskett lowered shares of Macy’s from an “accumulate” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Macy’s from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $14.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.29.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.