Abercrombie & Fitch (ANF) Expected to Post Earnings of -$0.81 Per Share

Wall Street brokerages forecast that Abercrombie & Fitch (NYSE:ANF) will post earnings per share (EPS) of ($0.81) for the current quarter, Zacks reports. Six analysts have provided estimates for Abercrombie & Fitch’s earnings, with estimates ranging from ($0.92) to ($0.71). Abercrombie & Fitch reported earnings per share of ($0.72) during the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, May 24th.

According to Zacks, analysts expect that Abercrombie & Fitch will report full year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.24 to $1.05. For the next financial year, analysts forecast that the company will report earnings of $0.71 per share, with EPS estimates ranging from ($0.06) to $1.45. Zacks’ EPS averages are an average based on a survey of research analysts that cover Abercrombie & Fitch.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.28. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS.



A number of equities research analysts recently issued reports on ANF shares. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.95 to $25.00 in a research report on Friday, January 19th. They noted that the move was a valuation call. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 target price (up previously from $24.00) on shares of Abercrombie & Fitch in a research report on Thursday, March 8th. ValuEngine upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research cut shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Royal Bank of Canada set a $27.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Wednesday, March 7th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.57.

In other news, Director Arthur C. Martinez sold 20,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $23.72, for a total transaction of $474,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Glassman Wealth Services bought a new position in Abercrombie & Fitch during the 4th quarter worth approximately $122,000. Meadow Creek Investment Management LLC bought a new position in Abercrombie & Fitch during the 4th quarter worth approximately $154,000. LMR Partners LLP bought a new position in Abercrombie & Fitch during the 4th quarter worth approximately $212,000. AXA bought a new position in Abercrombie & Fitch during the 4th quarter worth approximately $241,000. Finally, Invictus RG bought a new position in Abercrombie & Fitch during the 4th quarter worth approximately $257,000. 99.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Abercrombie & Fitch stock traded down $0.24 during mid-day trading on Friday, reaching $28.40. 1,997,767 shares of the stock were exchanged, compared to its average volume of 2,829,886. The stock has a market capitalization of $1,914.34, a P/E ratio of 43.91, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90. The company has a quick ratio of 1.66, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. Abercrombie & Fitch has a fifty-two week low of $8.81 and a fifty-two week high of $29.20.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio is 123.08%.

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About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.

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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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