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 EPS guidance of 2.25-2.50 for the period, compared to the consensus EPS 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 Price Performance

M stock opened at $16.58 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $15.76 and a two-hundred day moving average price of $16.53. The company has a market cap of $4.60 billion, a PE ratio of 25.90 and a beta of 2.10. Macy’s has a 12-month low of $14.06 and a 12-month high of $22.10.

Macy’s (NYSE:M) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Macy’s had a net margin of 0.80% and a return on equity of 23.14%. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the company posted $0.21 EPS. Macy’s’s revenue was down 2.4% on a year-over-year basis. As a group, research analysts predict that Macy’s will post 2.74 EPS for the current year.

Macy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.1737 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Friday, December 13th. Macy’s’s dividend payout ratio is currently 107.81%.

Analyst Upgrades and Downgrades

M has been the subject of several recent research reports. StockNews.com upgraded Macy’s from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 price target on shares of Macy’s in a research report on Wednesday. Argus upgraded shares of Macy’s to a “hold” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley dropped their price target on Macy’s from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.86.

Macy’s Company Profile

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.