Nordstrom (JWN) to Release Earnings on Tuesday

Nordstrom (NYSE:JWN) is set to issue its quarterly earnings data after the market closes on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Nordstrom has set its FY 2019 guidance at $3.65-3.90 EPS.

Nordstrom (NYSE:JWN) last posted its earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.06. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period last year, the company earned $1.20 earnings per share. On average, analysts expect Nordstrom to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE JWN opened at $37.60 on Tuesday. Nordstrom has a fifty-two week low of $37.41 and a fifty-two week high of $67.75. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.76 and a beta of 0.48.



A number of research firms have recently commented on JWN. Telsey Advisory Group lowered Nordstrom from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $72.00 to $56.00 in a research note on Wednesday, January 16th. Goldman Sachs Group lowered Nordstrom from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $73.00 to $50.00 in a research note on Wednesday, January 16th. Piper Jaffray Companies dropped their price objective on Nordstrom to $43.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 16th. Atlantic Securities lowered Nordstrom from an “overweight” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, January 16th. Finally, Credit Suisse Group dropped their price objective on Nordstrom from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, January 16th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $50.13.

In related news, insider Ken Worzel sold 17,125 shares of Nordstrom stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $770,625.00. Following the sale, the insider now directly owns 102,588 shares of the company’s stock, valued at $4,616,460. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Erik B. Nordstrom sold 17,762 shares of Nordstrom stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $44.07, for a total value of $782,771.34. Following the sale, the insider now directly owns 2,653,314 shares in the company, valued at $116,931,547.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,180 shares of company stock worth $2,164,864. 5.21% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://dakotafinancialnews.com/2019/05/14/nordstrom-jwn-to-release-earnings-on-tuesday.html.

Nordstrom Company Profile

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

Recommended Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

Earnings History for Nordstrom (NYSE:JWN)

Receive News & Ratings for Nordstrom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordstrom and related companies with MarketBeat.com's FREE daily email newsletter.