Foot Locker (FL) Expected to Announce Quarterly Earnings on Wednesday

Foot Locker (NYSE:FL) will likely be releasing its earnings data before the market opens on Wednesday, March 5th. Analysts expect Foot Locker to post earnings of $0.72 per share and revenue of $2.32 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Foot Locker (NYSE:FL) last released its quarterly earnings results on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.01 billion. Foot Locker had a positive return on equity of 2.91% and a negative net margin of 5.24%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. On average, analysts expect Foot Locker to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Foot Locker Stock Performance

Shares of FL opened at $17.84 on Tuesday. The company’s 50 day simple moving average is $20.07 and its 200 day simple moving average is $23.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -3.96, a PEG ratio of 0.53 and a beta of 1.48. Foot Locker has a 1 year low of $17.13 and a 1 year high of $34.71.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird reduced their price target on Foot Locker from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. The Goldman Sachs Group reduced their price target on Foot Locker from $25.00 to $22.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Needham & Company LLC cut their target price on Foot Locker from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Piper Sandler decreased their price target on shares of Foot Locker from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Finally, Guggenheim cut their price target on shares of Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.35.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.