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 earnings per share guidance of 2.050-2.250 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Guggenheim reiterated a “neutral” rating on shares of Macy’s in a research report on Thursday, December 12th. Benchmark upgraded Macy’s to a “strong-buy” rating in a research report on Monday, February 3rd. StockNews.com raised shares of Macy’s from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 target price on shares of Macy’s in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their target price on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.14.

Macy’s Trading Down 0.3 %

Shares of M stock opened at $13.27 on Thursday. The company’s 50-day moving average price is $15.26 and its 200-day moving average price is $15.53. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. Macy’s has a twelve month low of $12.60 and a twelve month high of $22.10. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 22.41 and a beta of 2.05.

Macy’s (NYSE:M) last posted its earnings results on Thursday, March 6th. The company reported $1.80 EPS 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%. As a group, equities analysts predict that Macy’s will post 2.39 earnings per share for the current year.

Macy’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.1824 dividend. This represents a $0.73 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Macy’s’s previous quarterly dividend of $0.17. Macy’s’s dividend payout ratio is currently 116.95%.

Macy’s Company Profile

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.