Abercrombie & Fitch (ANF) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Abercrombie & Fitch (NYSE:ANF) issued its quarterly earnings results on Thursday. The apparel retailer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13, Bloomberg Earnings reports. Abercrombie & Fitch had a return on equity of 7.14% and a net margin of 1.43%. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $856.34 million. During the same period last year, the company earned $0.30 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Abercrombie & Fitch updated its FY 2018 guidance to EPS.

NYSE ANF opened at $20.91 on Friday. Abercrombie & Fitch has a one year low of $15.28 and a one year high of $29.69. The stock has a market capitalization of $1.38 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 2.21 and a beta of 0.46. The company has a quick ratio of 1.43, a current ratio of 2.25 and a debt-to-equity ratio of 0.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, December 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.80 annualized dividend and a yield of 3.83%. Abercrombie & Fitch’s payout ratio is 123.08%.



Several equities analysts have recently weighed in on the company. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Friday. Telsey Advisory Group raised their price target on Abercrombie & Fitch from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday. Royal Bank of Canada raised their price target on Abercrombie & Fitch from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday. William Blair downgraded Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Monday, August 13th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Abercrombie & Fitch currently has a consensus rating of “Hold” and an average target price of $20.94.

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Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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Earnings History for Abercrombie & Fitch (NYSE:ANF)

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