Macy’s (NYSE:M) Updates FY25 Earnings Guidance

Macy’s (NYSE:M) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.25-2.50 for the period, compared to the consensus earnings per share estimate of $2.73. The company issued revenue guidance of $22.3-22.5 billion, compared to the consensus revenue estimate of $22.18 billion. Macy’s also updated its FY 2024 guidance to 2.250-2.500 EPS.

Macy’s Stock Down 1.7 %

Shares of NYSE M opened at $16.30 on Friday. The firm has a market cap of $4.52 billion, a P/E ratio of 27.62 and a beta of 2.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.34 and a current ratio of 1.26. Macy’s has a 1 year low of $14.06 and a 1 year high of $22.10. The firm’s 50 day moving average price is $15.77 and its 200 day moving average price is $16.53.

Macy’s (NYSE:M) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Macy’s’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 EPS. As a group, sell-side analysts anticipate that Macy’s will post 2.38 earnings per share for the current year.

Macy’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.1737 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, December 13th. Macy’s’s dividend payout ratio is currently 116.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on M shares. UBS Group decreased their target price on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group restated a “market perform” rating and set a $17.00 price objective on shares of Macy’s in a report on Wednesday. Argus upgraded Macy’s to a “hold” rating in a report on Thursday, October 10th. Finally, Guggenheim reissued a “neutral” rating on shares of Macy’s in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.38.

About Macy’s

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.