Wall Street brokerages expect that Dillard's, Inc. (NYSE:DDS) will report earnings of $2.73 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dillard's’ earnings. The lowest EPS estimate is $2.64 and the highest is $2.85. Dillard's posted earnings of $2.12 per share during the same quarter last year, which suggests a positive year over year growth rate of 28.8%. The company is expected to report its next earnings report on Thursday, May 10th.
On average, analysts expect that Dillard's will report full-year earnings of $5.82 per share for the current fiscal year, with EPS estimates ranging from $5.64 to $5.96. For the next financial year, analysts anticipate that the company will report earnings of $5.14 per share, with EPS estimates ranging from $4.99 to $5.33. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Dillard's.
Dillard's (NYSE:DDS) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $1.00. Dillard's had a net margin of 3.45% and a return on equity of 8.57%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its position in Dillard's by 9.2% in the second quarter. Voya Investment Management LLC now owns 6,115 shares of the company’s stock valued at $353,000 after purchasing an additional 516 shares in the last quarter. Legal & General Group Plc grew its position in shares of Dillard's by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 46,346 shares of the company’s stock valued at $2,602,000 after acquiring an additional 1,050 shares during the period. Retirement Systems of Alabama grew its position in shares of Dillard's by 4.1% in the 3rd quarter. Retirement Systems of Alabama now owns 27,109 shares of the company’s stock valued at $1,520,000 after acquiring an additional 1,078 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Dillard's by 59.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 6,076 shares of the company’s stock valued at $341,000 after acquiring an additional 2,263 shares during the period. Finally, Vident Investment Advisory LLC grew its position in shares of Dillard's by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 37,167 shares of the company’s stock valued at $2,232,000 after acquiring an additional 2,266 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.
Shares of Dillard's (NYSE:DDS) traded down $2.12 during mid-day trading on Friday, hitting $83.44. 93,747 shares of the stock traded hands, compared to its average volume of 728,062. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.66 and a quick ratio of 0.26. Dillard's has a 52 week low of $45.51 and a 52 week high of $88.51. The company has a market capitalization of $2,437.09, a P/E ratio of 11.27 and a beta of 1.07.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Investors of record on Friday, March 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Wednesday, March 28th. Dillard's’s dividend payout ratio (DPR) is currently 5.27%.
Dillard's declared that its board has authorized a share repurchase plan on Thursday, March 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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