Foot Locker (FL) to Release Earnings on Wednesday

Foot Locker (NYSE:FL) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 5th. Analysts expect Foot Locker to post earnings of $0.72 per share and revenue of $2.32 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Foot Locker (NYSE:FL) last released its quarterly earnings data on Wednesday, December 4th. The athletic footwear retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Foot Locker had a negative net margin of 5.24% and a positive return on equity of 2.91%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts expect Foot Locker to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Foot Locker Stock Performance

FL opened at $17.64 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.45 and a current ratio of 1.67. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -3.91, a PEG ratio of 0.53 and a beta of 1.48. The company has a fifty day moving average of $20.44 and a 200 day moving average of $23.88. Foot Locker has a fifty-two week low of $17.42 and a fifty-two week high of $34.99.

Wall Street Analysts Forecast Growth

FL has been the topic of several research reports. UBS Group reduced their target price on Foot Locker from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Guggenheim reduced their price objective on Foot Locker from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Morgan Stanley decreased their price objective on Foot Locker from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Williams Trading raised shares of Foot Locker from a “sell” rating to a “hold” rating and raised their target price for the company from $17.00 to $21.00 in a report on Wednesday, November 27th. Finally, Jefferies Financial Group decreased their price target on shares of Foot Locker from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.94.

About Foot Locker

Foot Locker, Inc, through its subsidiaries, operates as a footwear and apparel retailer in North America, Europe, Australia, New Zealand, Asia, and the Middle East. Its brand portfolio includes Foot Locker, a brand comprising sneakers and apparel; Kids Foot Locker, which offers athletic footwear, apparel, and accessories for children; and Champs Sports that operates as a mall-based specialty athletic footwear and apparel retailer.