FIGS (FIGS) Set to Announce Quarterly Earnings on Thursday

FIGS (NYSE:FIGS) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

FIGS (NYSE:FIGS) last announced its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $149.09 million. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. On average, analysts expect FIGS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FIGS Stock Down 0.6 %

Shares of NYSE FIGS opened at $5.08 on Thursday. The stock has a market cap of $863.15 million, a PE ratio of 46.09, a price-to-earnings-growth ratio of 16.24 and a beta of 1.48. FIGS has a 52-week low of $4.37 and a 52-week high of $8.84. The business has a 50-day moving average price of $5.12 and a 200 day moving average price of $6.00.

Insider Transactions at FIGS

In other news, CFO Daniella Turenshine sold 15,762 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total transaction of $87,321.48. Following the completion of the transaction, the chief financial officer now directly owns 409,858 shares of the company’s stock, valued at approximately $2,270,613.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Heather L. Hasson sold 27,547 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $5.93, for a total value of $163,353.71. Following the completion of the transaction, the insider now directly owns 499,308 shares of the company’s stock, valued at approximately $2,960,896.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total value of $87,321.48. Following the completion of the transaction, the chief financial officer now directly owns 409,858 shares of the company’s stock, valued at $2,270,613.32. The disclosure for this sale can be found here. In the last three months, insiders sold 49,334 shares of company stock valued at $285,986. Corporate insiders own 21.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FIGS. The Goldman Sachs Group decreased their price objective on FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Telsey Advisory Group cut FIGS from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $11.00 to $6.00 in a research report on Thursday, February 29th. Oppenheimer cut FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Bank of America reaffirmed an “underperform” rating and set a $4.50 price objective (down from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Finally, Barclays decreased their price objective on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.75.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.