Macy’s (NYSE:M) Issues Quarterly 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 (EPS) for the quarter, beating the consensus estimate 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 %

NYSE M traded down $0.01 during trading on Thursday, reaching $13.30. 9,051,153 shares of the company’s stock traded hands, compared to its average volume of 6,752,928. The company’s 50 day simple moving average is $15.26 and its two-hundred day simple moving average is $15.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. Macy’s has a 12-month low of $12.60 and a 12-month high of $22.10. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 22.60 and a beta of 2.05.

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 given a dividend of $0.1824 per share. This is an increase from Macy’s’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.73 dividend on an annualized basis and a yield of 5.49%. Macy’s’s dividend payout ratio (DPR) is 116.95%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on M shares. 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 Thursday. Guggenheim reaffirmed a “neutral” rating on shares of Macy’s in a research note on Thursday, December 12th. Benchmark raised shares of Macy’s to a “strong-buy” rating in a research note on Monday, February 3rd. Gordon Haskett downgraded shares of Macy’s from a “buy” rating to an “accumulate” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.14.

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.