Q4 2018 Earnings Forecast for Tiffany & Co. (TIF) Issued By William Blair

Tiffany & Co. (NYSE:TIF) – Stock analysts at William Blair upped their Q4 2018 earnings estimates for Tiffany & Co. in a report issued on Wednesday. William Blair analyst D. Carden now anticipates that the specialty retailer will post earnings per share of $1.64 for the quarter, up from their prior forecast of $1.49.

Tiffany & Co. (NYSE:TIF) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The firm had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis.

Other analysts have also issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Tiffany & Co. to $108.00 and gave the company a “sector perform” rating in a research report on Thursday. They noted that the move was a valuation call. Wells Fargo & Co restated a “hold” rating on shares of Tiffany & Co. in a research report on Wednesday. Goldman Sachs Group lowered shares of Tiffany & Co. from a “buy” rating to a “neutral” rating and cut their price target for the stock from $106.00 to $94.00 in a report on Friday, September 22nd. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, SBG Securities lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Tiffany & Co. presently has a consensus rating of “Buy” and an average price target of $102.00.

Shares of Tiffany & Co. (TIF) traded down $0.28 during trading on Friday, reaching $107.77. 2,529,676 shares of the company’s stock were exchanged, compared to its average volume of 1,500,000. Tiffany & Co. has a 1 year low of $77.15 and a 1 year high of $110.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.44 and a quick ratio of 2.09. The firm has a market capitalization of $13,390.00, a price-to-earnings ratio of 28.89, a P/E/G ratio of 2.51 and a beta of 1.93.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, December 19th. Tiffany & Co.’s dividend payout ratio is presently 53.62%.

A number of hedge funds and other institutional investors have recently made changes to their positions in TIF. QS Investors LLC raised its stake in Tiffany & Co. by 8.2% during the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after buying an additional 103 shares during the last quarter. Sawyer & Company Inc bought a new position in Tiffany & Co. during the fourth quarter worth $130,000. ING Groep NV bought a new position in Tiffany & Co. during the third quarter worth $213,000. Breton Hill Capital Ltd. bought a new position in Tiffany & Co. during the third quarter worth $226,000. Finally, Caxton Associates LP bought a new position in Tiffany & Co. during the second quarter worth $235,000. 81.13% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Q4 2018 Earnings Forecast for Tiffany & Co. (TIF) Issued By William Blair” was published by Ticker Report and is the property of of Ticker Report. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3146408/q4-2018-earnings-forecast-for-tiffany-co-tif-issued-by-william-blair.html.

About Tiffany & Co.

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.

Earnings History and Estimates for Tiffany & Co. (NYSE:TIF)

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.