Fast Retailing (OTCMKTS:FRCOY) Issues Quarterly Earnings Results

Fast Retailing (OTCMKTS:FRCOY) issued its earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05, Zacks reports.

Fast Retailing Price Performance

OTCMKTS FRCOY opened at $47.20 on Thursday. The stock’s fifty day moving average price is $45.83 and its 200 day moving average price is $46.88. Fast Retailing has a 1 year low of $29.38 and a 1 year high of $55.65.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Zacks Research cut Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Erste Group Bank lowered Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Fast Retailing currently has an average rating of “Hold”.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese apparel company and retail holding group best known for its UNIQLO brand. The company develops, manufactures, and sells casual clothing and accessories, including everyday apparel, outerwear, sportswear, innerwear, and lifestyle products for men, women, and children.

Fast Retailing’s portfolio also includes brands such as GU, Theory, PLST, and Helmut Lang, along with other apparel businesses. UNIQLO is the group’s principal brand and operates stores and e-commerce businesses across Japan and international markets, including other parts of Asia, North America, Europe, and Oceania.

The company traces its origins to a menswear store established in Ube, Japan, in 1949 and adopted the Fast Retailing name in 1991.