Macy’s (NYSE:M) Issues FY 2025 Earnings Guidance

Macy’s (NYSE:M) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.050-2.250 for the period, compared to the consensus EPS estimate of 2.320. The company issued revenue guidance of $21.0 billion-$21.4 billion, compared to the consensus revenue estimate of $21.3 billion.

Analysts Set New Price Targets

Several brokerages recently issued reports on M. Gordon Haskett cut Macy’s from a “buy” rating to an “accumulate” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on Macy’s from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a report on Thursday, December 12th. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, UBS Group reduced their target price on shares of Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.14.

Macy’s Stock Performance

Shares of M opened at $13.35 on Thursday. The company has a market capitalization of $3.71 billion, a PE ratio of 22.62 and a beta of 2.05. Macy’s has a 52-week low of $13.12 and a 52-week high of $22.10. The company has a 50-day simple moving average of $15.26 and a 200-day simple moving average of $15.53. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67.

Macy’s (NYSE:M) last released its quarterly earnings data on Thursday, March 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.25. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Equities research analysts predict that Macy’s will post 2.39 earnings per share for the current fiscal year.

Macy’s Increases Dividend

The firm 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 dividend of $0.1824 per share. This is an increase from Macy’s’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 5.47%. The ex-dividend date is Friday, March 14th. Macy’s’s dividend payout ratio (DPR) is 116.95%.

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.