Fast Retailing Co., Ltd. (OTCMKTS:FRCOY – Free Report) – Stock analysts at Erste Group Bank dropped their FY2027 EPS estimates for Fast Retailing in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings per share of $1.18 for the year, down from their previous estimate of $1.19.
A number of other brokerages have also recently issued reports on FRCOY. Zacks Research cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein initiated coverage on Fast Retailing in a report on Tuesday, May 26th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.
Fast Retailing Price Performance
Shares of FRCOY opened at $45.02 on Tuesday. The firm has a 50-day moving average of $49.22 and a 200-day moving average of $46.57. Fast Retailing has a one year low of $29.25 and a one year high of $55.65.
Fast Retailing (OTCMKTS:FRCOY – Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6 billion.
About Fast Retailing
Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.
The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.
See Also
- Five stocks we like better than Fast Retailing
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for Fast Retailing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fast Retailing and related companies with MarketBeat.com's FREE daily email newsletter.
