Macy’s, Inc. Reports First Quarter 2018 Earnings
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Macy's (M) PT Raised to $35 at RBC Capital
May 17, 2018 6:52 AM EDTRBC Capital raised its price target on Macy's (NYSE: M) to $35.00 (from $31.00) while maintaining a Sector Perform rating.
... MoreJ.C. Penney (JCP), Nordstrom (JWN), Others on Watch After Macy's (M) Q1 Comps Tops Consensus at 4.2% vs 1%
May 16, 2018 8:04 AM EDTJ.C. Penney (NYSE: JCP), Nordstrom (NYSE: JWN) were in focus Wednesday after Macy's (NYSE: M) reported Q1 comps on an owned plus licensed basis that tops consensus at 4.2% vs 1% expected.
Other retailers like Target (NYSE: TGT) and Kohl's Corp. (NYSE: KSS) also gained
... MoreMacy's (M) Tops Q1 EPS by 13c, Revenue Beats; 'Raises Earnings & Sales Guidance for Fiscal 2018'
May 16, 2018 8:02 AM EDTMacy's (NYSE: M) reported Q1 EPS of $0.48, $0.13 better than the analyst estimate of $0.35. Revenue for the quarter came in at $5.54 billion versus the consensus estimate of $5.39 billion.
Looking Ahead - Raising Earnings and Sales Guidance
Macy\'s, Inc. is updating its guidance for fiscal 2018. The company now expects adjusted earnings per diluted share of $3.75 to $3.95 in fiscal 2018, excluding anticipated settlement charges related to the companys defined benefit plans as well as impairment and other costs. This reflects an increase of 20 cents compared to the prior guidance. Total sales are expected to range... More
