-$0.71 Earnings Per Share Expected for Abercrombie & Fitch Co. (ANF) This Quarter

Wall Street analysts predict that Abercrombie & Fitch Co. (NYSE:ANF) will announce ($0.71) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Abercrombie & Fitch Co.’s earnings, with estimates ranging from ($0.94) to ($0.54). Abercrombie & Fitch Co. posted earnings of ($0.59) per share during the same quarter last year, which would suggest a negative year over year growth rate of 20.3%. The company is expected to announce its next earnings report on Thursday, May 25th.

According to Zacks, analysts expect that Abercrombie & Fitch Co. will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.57) to $0.30. For the next financial year, analysts anticipate that the business will post earnings of $0.00 per share, with EPS estimates ranging from ($0.52) to $0.64. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Abercrombie & Fitch Co..

Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings data on Thursday, March 2nd. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Abercrombie & Fitch Co. had a net margin of 0.38% and a return on equity of 1.50%. The firm earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business earned $1.08 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year.

A number of research firms have recently issued reports on ANF. Oppenheimer Holdings Inc. restated a “sell” rating on shares of Abercrombie & Fitch Co. in a research report on Thursday, March 2nd. William Blair restated an “outperform” rating on shares of Abercrombie & Fitch Co. in a research report on Thursday, March 2nd. Cowen and Company lowered their price objective on Abercrombie & Fitch Co. from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Friday, March 3rd. Wolfe Research cut Abercrombie & Fitch Co. from a “peer perform” rating to an “underperform” rating and set a $10.00 price objective on the stock. in a research report on Friday, March 3rd. Finally, FBR & Co set a $13.00 price objective on Abercrombie & Fitch Co. and gave the company a “hold” rating in a research report on Friday, March 3rd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.11.

Several institutional investors have recently modified their holdings of the stock. Credit Agricole S A purchased a new position in shares of Abercrombie & Fitch Co. during the fourth quarter valued at about $120,000. Searle & CO. purchased a new position in shares of Abercrombie & Fitch Co. during the fourth quarter valued at about $152,000. Suntrust Banks Inc. purchased a new position in shares of Abercrombie & Fitch Co. during the third quarter valued at about $172,000. Frontier Wealth Management LLC purchased a new position in shares of Abercrombie & Fitch Co. during the fourth quarter valued at about $180,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Abercrombie & Fitch Co. during the fourth quarter valued at about $204,000.

Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.17% during mid-day trading on Tuesday, reaching $11.68. 2,288,422 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $11.53 and a 200-day moving average price of $13.17. The company has a market capitalization of $794.06 million, a P/E ratio of 201.38 and a beta of 1.25. Abercrombie & Fitch Co. has a 1-year low of $10.50 and a 1-year high of $29.33.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/2485766/0-71-earnings-per-share-expected-for-abercrombie-fitch-co-anf-this-quarter.html.

About Abercrombie & Fitch Co.

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

5 Day Chart for NYSE:ANF

Get a free copy of the Zacks research report on Abercrombie & Fitch Co. (ANF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Abercrombie & Fitch Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Blackberry Returns as Stock Surges Following WannaCry
Blackberry Returns as Stock Surges Following WannaCry
Flight Attendants Accuse Frontier Airlines of Not Allowing Breast Feeding
Flight Attendants Accuse Frontier Airlines of Not Allowing Breast Feeding
General Motors’ Maven Launches in New York City
General Motors’ Maven Launches in New York City
Hyundai and Kia Recall Ordered by South Korea Officials
Hyundai and Kia Recall Ordered by South Korea Officials


© 2006-2017 Ticker Report. Google+.