Analysts predict that Ralph Lauren Corp (NYSE:RL) will report $1.49 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ralph Lauren’s earnings. Ralph Lauren reported sales of $1.57 billion in the same quarter last year, which indicates a negative year over year growth rate of 5.1%. The business is scheduled to issue its next earnings results on Thursday, May 17th.
On average, analysts expect that Ralph Lauren will report full year sales of $1.49 billion for the current year, with estimates ranging from $6.14 billion to $6.15 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.12 billion per share, with estimates ranging from $6.03 billion to $6.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Ralph Lauren.
Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, February 1st. The textile maker reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.16. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. Ralph Lauren’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 earnings per share.
Shares of Ralph Lauren (NYSE RL) opened at $105.84 on Friday. The stock has a market cap of $8,650.00, a PE ratio of 58.48, a PEG ratio of 1.74 and a beta of 0.69. Ralph Lauren has a 52-week low of $66.06 and a 52-week high of $119.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.58.
A number of hedge funds and other institutional investors have recently modified their holdings of RL. Bank of New York Mellon Corp raised its stake in Ralph Lauren by 49.7% during the third quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock worth $581,581,000 after acquiring an additional 2,186,269 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Ralph Lauren by 973.3% during the third quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after acquiring an additional 1,279,221 shares in the last quarter. Renaissance Technologies LLC raised its stake in Ralph Lauren by 99.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,790,800 shares of the textile maker’s stock worth $185,688,000 after acquiring an additional 893,796 shares in the last quarter. American Century Companies Inc. raised its stake in Ralph Lauren by 149.3% during the fourth quarter. American Century Companies Inc. now owns 933,827 shares of the textile maker’s stock worth $96,829,000 after acquiring an additional 559,273 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in Ralph Lauren by 35.7% during the third quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock worth $136,894,000 after acquiring an additional 408,000 shares in the last quarter. 72.73% of the stock is owned by hedge funds and other institutional investors.
WARNING: This report was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3253434/1-49-billion-in-sales-expected-for-ralph-lauren-corp-rl-this-quarter.html.
About Ralph Lauren
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.