Macy’s (NYSE:M) Issues FY 2021 Pre-Market Earnings Guidance

Macy’s (NYSE:M) updated its FY 2021
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of 0.40-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $19.75-20.75 billion, compared to the consensus revenue estimate of $20.13 billion.

Several research analysts have recently weighed in on M shares. Credit Suisse Group upped their target price on Macy’s from $6.00 to $7.00 and gave the stock an underperform rating in a research note on Friday, November 20th. Deutsche Bank Aktiengesellschaft raised their price objective on Macy’s from $9.00 to $15.00 and gave the company a hold rating in a report on Thursday, January 21st. HC Wainwright reissued a buy rating on shares of Macy’s in a research note on Wednesday, January 20th. Telsey Advisory Group boosted their target price on Macy’s from $10.00 to $14.00 and gave the stock a market perform rating in a report on Friday. Finally, OTR Global raised shares of Macy’s to a sell rating in a research note on Friday, October 30th. Eight investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $8.45.

NYSE M opened at $15.28 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.33 and a current ratio of 1.11. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of -1.26 and a beta of 1.98. The firm has a 50 day simple moving average of $13.98 and a 200-day simple moving average of $9.45. Macy’s has a one year low of $4.38 and a one year high of $22.30.

About Macy’s

Macy's, Inc, an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods.

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Earnings History and Estimates for Macy`s (NYSE:M)

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