Macy’s (NYSE:M) Announces Earnings Results

Macy’s (NYSE:M) announced its earnings results on Thursday. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.25, Zacks reports. The business had revenue of $7.77 billion for the quarter, compared to analysts’ expectations of $7.76 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Macy’s updated its FY 2025 guidance to 2.050-2.250 EPS.

Macy’s Stock Up 6.6 %

M stock opened at $14.10 on Friday. The company has a market capitalization of $3.91 billion, a P/E ratio of 23.89 and a beta of 2.05. Macy’s has a 12 month low of $12.60 and a 12 month high of $22.10. The firm’s fifty day simple moving average is $15.10 and its 200-day simple moving average is $15.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17.

Macy’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.1824 per share. This represents a $0.73 annualized dividend and a yield of 5.18%. This is a boost from Macy’s’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, March 14th. Macy’s’s payout ratio is presently 116.95%.

Wall Street Analyst Weigh In

M has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Macy’s from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $14.00 in a research note on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $17.00 price objective on shares of Macy’s in a report on Thursday. Benchmark upgraded Macy’s to a “strong-buy” rating in a research note on Monday, February 3rd. Guggenheim reiterated a “neutral” rating on shares of Macy’s in a research note on Thursday, December 12th. Finally, Gordon Haskett downgraded Macy’s from an “accumulate” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.