Ross Stores, Inc. (NASDAQ:ROST) will release its earnings data after the market closes on Thursday, November 16th. Analysts expect Ross Stores to post earnings of $0.67 per share for the quarter. Ross Stores has set its Q3 guidance at $0.64-0.67 EPS and its Q4 guidance at $0.88-0.92 EPS.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect Ross Stores to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Ross Stores, Inc. (ROST) opened at $64.47 on Wednesday. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The stock has a market capitalization of $25,356.54, a price-to-earnings ratio of 21.70, a PEG ratio of 2.04 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.14.
TRADEMARK VIOLATION WARNING: “Ross Stores, Inc. (ROST) to Release Earnings on Thursday” was first reported by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.themarketsdaily.com/2017/11/15/ross-stores-inc-rost-to-release-earnings-on-thursday.html.
Several research analysts have recently issued reports on the company. Royal Bank Of Canada set a $62.00 price target on Ross Stores and gave the stock a “hold” rating in a research note on Monday, October 30th. Buckingham Research reissued a “neutral” rating and issued a $71.00 price target on shares of Ross Stores in a research note on Thursday, October 19th. Bank of America Corporation reissued a “buy” rating and issued a $80.00 price target on shares of Ross Stores in a research note on Monday, September 25th. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co raised Ross Stores from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $74.00 in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Ross Stores has an average rating of “Buy” and an average target price of $70.21.
Ross Stores Company Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.