Earnings results for Michaels Companies Stock Forecast, Price & News (NASDAQ:MIK)
The Michaels Companies, Inc. is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.05. The reported EPS for the same quarter last year was $0.19.
Michaels Companies last posted its earnings results on June 4th, 2020. The specialty retailer reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.57. The company had revenue of $799.90 million for the quarter, compared to analyst estimates of $1.03 billion. Its quarterly revenue was down 26.9% on a year-over-year basis. Michaels Companies has generated $2.11 earnings per share over the last year and currently has a price-to-earnings ratio of 9.7. Michaels Companies has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.
Analyst Opinion on Michaels Companies Stock Forecast, Price & News (NASDAQ:MIK)
9 Wall Street analysts have issued ratings and price targets for Michaels Companies in the last 12 months. Their average twelve-month price target is $8.44, predicting that the stock has a possible downside of 24.87%. The high price target for MIK is $14.00 and the low price target for MIK is $2.00. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Michaels Companies has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 2 buy ratings, 5 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $8.44, Michaels Companies has a forecasted downside of 24.9% from its current price of $11.23. Michaels Companies has only been the subject of 4 research reports in the past 90 days.
Dividend Strength: Michaels Companies Stock Forecast, Price & News (NASDAQ:MIK)
Michaels Companies does not currently pay a dividend. Michaels Companies does not have a long track record of dividend growth.
Insiders buying/selling: Michaels Companies Stock Forecast, Price & News (NASDAQ:MIK)
In the past three months, Michaels Companies insiders have not sold or bought any company stock. Only 0.35% of the stock of Michaels Companies is held by insiders.
Earnings and Valuation of Michaels Companies Stock Forecast, Price & News (NASDAQ:MIK
Earnings for Michaels Companies are expected to grow by 45.54% in the coming year, from $1.01 to $1.47 per share. The P/E ratio of Michaels Companies is 9.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.18. The P/E ratio of Michaels Companies is 9.68, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.57. Michaels Companies has a PEG Ratio of 8.86. PEG Ratios above 1 indicate that a company could be overvalued.
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