Nordstrom (JWN) Issues FY18 Earnings Guidance

Nordstrom (NYSE:JWN) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.90-2.95 for the period, compared to the Thomson Reuters consensus estimate of $2.95.

Shares of Nordstrom (NYSE JWN) traded down $1.64 during trading hours on Tuesday, reaching $50.18. The company had a trading volume of 1,968,736 shares, compared to its average volume of 2,517,224. The firm has a market capitalization of $8,360.00, a P/E ratio of 17.61, a P/E/G ratio of 2.90 and a beta of 0.89. Nordstrom has a 1-year low of $37.79 and a 1-year high of $53.00. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 3.14.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.50 billion. Nordstrom had a return on equity of 67.44% and a net margin of 3.25%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. sell-side analysts predict that Nordstrom will post 2.98 EPS for the current fiscal year.

JWN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Nordstrom from a sell rating to a hold rating and set a $45.00 price target for the company in a research note on Wednesday, November 8th. Robert W. Baird dropped their price target on Nordstrom from $50.00 to $43.00 and set a neutral rating for the company in a research note on Friday, November 10th. KeyCorp set a $55.00 price target on Nordstrom and gave the company a buy rating in a research note on Wednesday, October 11th. Bank of America dropped their price target on Nordstrom from $40.00 to $35.00 and set an underperform rating for the company in a research note on Friday, November 10th. Finally, ValuEngine cut Nordstrom from a buy rating to a hold rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $47.11.

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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.

Earnings History and Estimates for Nordstrom (NYSE:JWN)

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