$1.06 Earnings Per Share Expected for Foot Locker, Inc. (NYSE:FL) This Quarter


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Analysts predict that Foot Locker, Inc. (NYSE:FL) will announce earnings per share (EPS) of $1.06 for the current quarter, according to Zacks. Seven analysts have made estimates for Foot Locker’s earnings. The lowest EPS estimate is $0.76 and the highest is $1.43. Foot Locker posted earnings per share of ($0.67) during the same quarter last year, which indicates a positive year-over-year growth rate of 258.2%. The company is scheduled to report its next quarterly earnings results on Friday, May 28th.

According to Zacks, analysts expect that Foot Locker will report full-year earnings of $4.63 per share for the current fiscal year, with EPS estimates ranging from $3.86 to $5.05. For the next fiscal year, analysts expect that the company will report earnings of $5.04 per share, with EPS estimates ranging from $3.65 to $5.71. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Foot Locker.

Foot Locker (NYSE:FL) last announced its earnings results on Thursday, February 25th. The athletic footwear retailer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.20. Foot Locker had a net margin of 4.66% and a return on equity of 12.35%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the business earned $1.63 EPS. The company’s revenue was down 1.4% on a year-over-year basis.

A number of equities analysts have recently weighed in on FL shares. B. Riley upped their price target on shares of Foot Locker from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, April 1st. Zacks Investment Research downgraded shares of Foot Locker from a “strong-buy” rating to a “hold” rating and set a $56.00 price target on the stock. in a research note on Wednesday, February 24th. Citigroup raised shares of Foot Locker from a “neutral” rating to a “buy” rating and upped their price target for the stock from $47.00 to $60.00 in a research note on Friday, February 5th. Evercore ISI raised shares of Foot Locker from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $75.00 in a research note on Monday, March 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Foot Locker from $44.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.04.

NYSE:FL traded down $0.10 during trading hours on Tuesday, hitting $61.31. 1,872,012 shares of the stock traded hands, compared to its average volume of 1,749,894. The firm has a 50 day moving average price of $57.73 and a 200 day moving average price of $47.31. The company has a current ratio of 1.83, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05. Foot Locker has a fifty-two week low of $21.94 and a fifty-two week high of $62.10. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 7.04 and a beta of 1.29.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Friday, April 16th were paid a dividend of $0.20 per share. This is a boost from Foot Locker’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. Foot Locker’s dividend payout ratio (DPR) is currently 16.23%.

In other Foot Locker news, VP John A. Maurer sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 23rd. The shares were sold at an average price of $56.97, for a total transaction of $284,850.00. Following the completion of the transaction, the vice president now owns 24,283 shares in the company, valued at $1,383,402.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Foot Locker by 39.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 512,700 shares of the athletic footwear retailer’s stock worth $20,735,000 after buying an additional 144,527 shares in the last quarter. Duality Advisers LP increased its holdings in shares of Foot Locker by 338.9% during the fourth quarter. Duality Advisers LP now owns 67,638 shares of the athletic footwear retailer’s stock worth $2,735,000 after buying an additional 52,228 shares in the last quarter. Meritage Portfolio Management acquired a new stake in shares of Foot Locker during the first quarter worth approximately $4,289,000. Paloma Partners Management Co increased its holdings in shares of Foot Locker by 61.0% during the fourth quarter. Paloma Partners Management Co now owns 33,996 shares of the athletic footwear retailer’s stock worth $1,375,000 after buying an additional 12,879 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Foot Locker during the first quarter worth approximately $8,027,000. 78.08% of the stock is owned by institutional investors.

Foot Locker Company Profile

Foot Locker, Inc, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point, and Sidestep brand names.

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Earnings History and Estimates for Foot Locker (NYSE:FL)

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