Macy’s, Inc. Reports First Quarter Earnings
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May 12, 2017 9:39 AM EDT
BMO 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
May 12, 2017 7:44 AM EDT
Jefferies 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
May 11, 2017 8:24 AM EDT
Macy'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%.
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May 11, 2017 8:01 AM EDT
Macy'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
