Fast Retailing (OTCMKTS:FRCOY) Issues Earnings Results, Beats Expectations By $0.06 EPS

Fast Retailing (OTCMKTS:FRCOY) released its quarterly earnings results on Thursday. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06, Zacks reports.

Fast Retailing Stock Performance

Shares of FRCOY stock opened at $53.82 on Thursday. Fast Retailing has a fifty-two week low of $29.25 and a fifty-two week high of $55.65. The stock’s fifty day moving average is $49.44 and its two-hundred day moving average is $43.96.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of Fast Retailing in a research note on Tuesday, May 26th. They set an “outperform” rating on the stock. Zacks Research lowered Fast Retailing from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Fast Retailing currently has a consensus rating of “Hold”.

Fast Retailing Company Profile

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.