YETI (NYSE:YETI) Issues FY 2024 Earnings Guidance

YETI (NYSE:YETI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 2.490-2.620 for the period, compared to the consensus EPS estimate of 2.490. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

YETI Stock Performance

Shares of YETI opened at $39.74 on Thursday. The business’s fifty day moving average price is $37.52 and its 200 day moving average price is $42.29. YETI has a 12-month low of $33.88 and a 12-month high of $54.15. The stock has a market capitalization of $3.39 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.37 and a beta of 2.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45.

YETI (NYSE:YETI) last issued its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The company had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. During the same period in the prior year, the business earned $0.75 earnings per share. YETI’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that YETI will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

YETI has been the topic of several analyst reports. B. Riley dropped their target price on YETI from $42.00 to $38.00 and set a neutral rating on the stock in a research report on Thursday, April 25th. Raymond James dropped their target price on YETI from $55.00 to $48.00 and set an outperform rating on the stock in a research report on Friday, February 16th. Canaccord Genuity Group lowered their price target on YETI from $41.00 to $40.00 and set a hold rating on the stock in a report on Friday, April 5th. William Blair reissued an outperform rating on shares of YETI in a report on Wednesday, May 1st. Finally, Stifel Nicolaus lowered their price target on YETI from $43.00 to $41.00 and set a hold rating on the stock in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $48.00.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.