Macy’s, Inc. Reports First Quarter Earnings
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Macy's (M) PT Lowered to $36 at BMO Capital on 1Q Miss; '5.2% SSS Decline... Margin Pressure in a Few Other Categories'
May 12, 2017 9:39 AM EDTBMO Capital lowered its price target on Macy's (NYSE: M) to $36.00 (from $39.00) while maintaining a Outperform rating, following the company's first quarter earnings report.
Analyst Wayne Hood notes the company delivered first quarter earnings per share and revenue results below consensus... More
Macy's (M) PT Lowered to $27 at Jefferies Following 1Q
May 12, 2017 7:44 AM EDTJefferies lowered its price target on Macy's (NYSE: M) to $27.00 (from $35.00) while maintaining a Hold rating. The company's 1Q EPS missed expectations, owing to weaker than expected comps and greater than expected GM pressure.
Management reaffirmed its FY18 EPS outlook, with comps accelerating... More
J.C. Penney (JCP) Trades Lower in Sympathy with Macy's (M)
May 11, 2017 8:24 AM EDTMacy's (NYSE: M) peers were in focus Thursday as shares slipped 9.6% pre-market following the release of Q1 results that disappointed some investors. J.C. Penney (NYSE: JCP), which reports Q1 results tomorrow, traded lower by 4.5%.
... MoreMacy's (M) Misses Q1 EPS by 10c, Owned Comps Decline 5.2%
May 11, 2017 8:01 AM EDTMacy's (NYSE: M) reported Q1 EPS of $0.24, $0.10 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $5.34 billion versus the consensus estimate of $5.47 billion.
Comparable sales on an owned basis were down 5.2 percent in the first quarter and down 4.6 percent on an owned plus... More
