Macy’s Stock Forecast, Price & News (NYSE:M)

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Earnings results for Macy’s Stock Forecast, Price & News (NYSE:M)

Macy’s Inc is expected* to report earnings on 09/02/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $-1.78. The reported EPS for the same quarter last year was $0.28.

Macy’s last released its earnings results on June 9th, 2020. The reported ($2.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.35) by $0.32. The firm earned $3.02 billion during the quarter, compared to the consensus estimate of $3.03 billion. Macy’s has generated $2.91 earnings per share over the last year. Macy’s has confirmed that its next quarterly earnings report will be published on Wednesday, September 2nd, 2020.

Analyst Opinion on Macy’s Stock Forecast, Price & News (NYSE:M)

14 Wall Street analysts have issued ratings and price targets for Macy’s in the last 12 months. Their average twelve-month price target is $8.54, predicting that the stock has a possible upside of 21.85%. The high price target for M is $22.00 and the low price target for M is $3.00. There are currently 9 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Sell.”

Macy’s has received a consensus rating of Sell. The company’s average rating score is 1.43, and is based on 1 buy rating, 4 hold ratings, and 9 sell ratings. According to analysts’ consensus price target of $8.54, Macy’s has a forecasted upside of 21.8% from its current price of $7.01. Macy’s has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Macy’s Stock Forecast, Price & News (NYSE:M)

Macy’s does not currently pay a dividend. Macy’s does not have a long track record of dividend growth.

Insiders buying/selling: Macy’s Stock Forecast, Price & News (NYSE:M)

In the past three months, Macy’s insiders have not sold or bought any company stock. Only 0.58% of the stock of Macy’s is held by insiders. 83.68% of the stock of Macy’s is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Macy’s Stock Forecast, Price & News (NYSE:M

Earnings for Macy’s are expected to grow in the coming year, from ($4.55) to $0.34 per share. The P/E ratio of Macy’s is -0.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Macy’s is -0.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Macy’s has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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