DSW (DSW) Issues Q4 2018 Earnings Guidance

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DSW (NYSE:DSW) issued an update on its fourth quarter 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $-0.09-0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19. DSW also updated its FY19 guidance to $1.70-1.85 EPS.

Several brokerages recently issued reports on DSW. Wedbush lifted their price objective on shares of DSW from $24.00 to $29.00 and gave the company a neutral rating in a report on Wednesday, August 29th. Telsey Advisory Group lifted their price objective on shares of DSW from $24.00 to $34.00 and gave the company a market perform rating in a report on Wednesday, August 29th. Wells Fargo & Co lifted their price objective on shares of DSW from $22.00 to $31.00 and gave the company a market perform rating in a report on Wednesday, August 29th. B. Riley lifted their price objective on shares of DSW from $23.00 to $30.00 and gave the company a neutral rating in a report on Wednesday, August 29th. Finally, Susquehanna Bancshares lowered shares of DSW from a neutral rating to a negative rating and cut their price objective for the company from $26.00 to $22.00 in a report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. DSW presently has a consensus rating of Hold and an average price target of $29.64.

Shares of DSW stock opened at $25.01 on Wednesday. The company has a market cap of $1.94 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12. DSW has a 52-week low of $18.01 and a 52-week high of $34.63.

DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, December 11th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.19. DSW had a net margin of 0.06% and a return on equity of 15.75%. The company had revenue of $833.00 million for the quarter, compared to analyst estimates of $791.23 million. During the same period last year, the company posted $0.45 earnings per share. DSW’s revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts predict that DSW will post 1.73 EPS for the current year.

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DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Earnings History and Estimates for DSW (NYSE:DSW)

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