Tiffany & Co. (NYSE:TIF) is scheduled to announce its earnings results before the market opens on Tuesday, November 24th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.
Tiffany & Co. (NYSE:TIF) last issued its earnings results on Thursday, August 27th. The specialty retailer reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.15. Tiffany & Co. had a return on equity of 8.43% and a net margin of 6.72%. The firm had revenue of $747.10 million for the quarter, compared to analysts’ expectations of $761.26 million. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was down 28.7% compared to the same quarter last year. On average, analysts expect Tiffany & Co. to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Tiffany & Co. stock opened at $131.43 on Friday. Tiffany & Co. has a twelve month low of $103.89 and a twelve month high of $134.42. The stock has a market capitalization of $15.95 billion, a P/E ratio of 64.43, a PEG ratio of 5.96 and a beta of 0.88. The company has a current ratio of 3.18, a quick ratio of 1.22 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $125.28 and its 200 day moving average price is $123.08.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Tuesday, December 1st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Monday, November 30th. Tiffany & Co.’s payout ratio is currently 50.54%.
A number of brokerages have commented on TIF. ValuEngine cut Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Friday. Guggenheim restated a “hold” rating on shares of Tiffany & Co. in a research note on Thursday, September 10th. Zacks Investment Research upgraded Tiffany & Co. from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research note on Wednesday, September 9th. Morgan Stanley reduced their price objective on Tiffany & Co. from $135.00 to $131.50 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Finally, Wells Fargo & Company reduced their price objective on Tiffany & Co. from $135.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 10th. Twelve equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $130.94.
Tiffany & Co. Company Profile
Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, and fragrances; and wholesales diamonds and earnings. The company sells its products through retail, Internet and catalog, business-to-business, and wholesale distribution channels.
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