Ross Stores (ROST) Set to Announce Quarterly Earnings on Thursday

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Ross Stores (NASDAQ:ROST) will release its earnings data after the market closes on Thursday, May 23rd. Analysts expect Ross Stores to post earnings of $1.12 per share for the quarter. Ross Stores has set its FY 2019 guidance at $4.30-4.50 EPS and its Q1 2019 guidance at $1.05-1.11 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Ross Stores (NASDAQ:ROST) last released its earnings results on Tuesday, March 5th. The apparel retailer reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.07. Ross Stores had a return on equity of 49.58% and a net margin of 10.60%. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.05 billion. On average, analysts expect Ross Stores to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NASDAQ ROST opened at $96.67 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.82 and a current ratio of 1.69. Ross Stores has a 12-month low of $75.91 and a 12-month high of $104.35. The company has a market cap of $35.72 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.08 and a beta of 0.89.

Ross Stores declared that its board has initiated a stock buyback program on Tuesday, March 5th that allows the company to buyback $2.55 billion in outstanding shares. This buyback authorization allows the apparel retailer to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

In other news, Chairman Michael Balmuth sold 25,689 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $90.77, for a total transaction of $2,331,790.53. Following the sale, the chairman now owns 51,998 shares of the company’s stock, valued at approximately $4,719,858.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bernard G. Brautigan sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $91.18, for a total value of $1,094,160.00. Following the sale, the insider now directly owns 174,450 shares in the company, valued at approximately $15,906,351. The disclosure for this sale can be found here. Insiders have sold a total of 137,054 shares of company stock worth $12,504,328 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Several equities analysts have issued reports on the company. Robert W. Baird assumed coverage on Ross Stores in a research report on Monday, May 13th. They set an “outperform” rating and a $108.00 target price on the stock. Zacks Investment Research upgraded Ross Stores from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. BidaskClub upgraded Ross Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. DA Davidson boosted their target price on Ross Stores to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Finally, Wells Fargo & Co boosted their target price on Ross Stores from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and a consensus target price of $97.84.

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Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Earnings History for Ross Stores (NASDAQ:ROST)

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