YETI (YETI) Set to Announce Quarterly Earnings on Thursday

YETI (NYSE:YETI) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect YETI to post earnings of $0.25 per share for the quarter. YETI has set its FY24 guidance at $2.45 to $2.50 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The business had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same quarter last year, the company posted $0.75 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts expect YETI to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

YETI Trading Down 2.8 %

NYSE YETI opened at $34.71 on Thursday. The company has a market cap of $2.96 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.45 and a beta of 2.29. YETI has a 12 month low of $34.51 and a 12 month high of $54.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45. The company has a 50-day moving average of $38.03 and a 200-day moving average of $42.56.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. KeyCorp increased their price target on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, January 12th. Canaccord Genuity Group cut YETI from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.00 to $50.00 in a report on Thursday, January 4th. Canaccord Genuity Group dropped their price target on YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, April 5th. B. Riley cut their price objective on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Finally, Stifel Nicolaus decreased their target price on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, YETI has an average rating of “Hold” and an average target price of $48.00.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.