Macy’s (NYSE:M) Releases Earnings Results, Beats Expectations By $0.25 EPS

Macy’s (NYSE:M) announced its earnings results on Thursday. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.25, Zacks reports. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. Macy’s updated its FY 2025 guidance to 2.050-2.250 EPS.

Macy’s Stock Down 0.1 %

Macy’s stock traded down $0.01 during trading hours on Thursday, hitting $13.30. The stock had a trading volume of 9,051,153 shares, compared to its average volume of 6,752,928. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average price is $15.26 and its 200-day moving average price is $15.53. Macy’s has a 12-month low of $12.60 and a 12-month high of $22.10. The stock has a market capitalization of $3.69 billion, a P/E ratio of 22.60 and a beta of 2.05.

Macy’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.1824 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Macy’s’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 5.49%. Macy’s’s payout ratio is 116.95%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Morgan Stanley lowered their price target on shares of Macy’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, December 12th. Benchmark raised shares of Macy’s to a “strong-buy” rating in a research report on Monday, February 3rd. Guggenheim reissued a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.14.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.