Nordstrom (JWN) Releases FY18 Earnings Guidance

Nordstrom (NYSE:JWN) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.90-2.95 for the period, compared to the Thomson Reuters consensus estimate of $2.95.

A number of equities analysts have recently commented on the stock. KeyCorp reissued an outperform rating on shares of Nordstrom in a research report on Friday, November 10th. JPMorgan Chase & Co. raised shares of Nordstrom from an underweight rating to a neutral rating and lifted their price target for the company from $33.00 to $48.00 in a research report on Tuesday, January 2nd. Robert W. Baird dropped their price target on shares of Nordstrom from $50.00 to $43.00 and set a neutral rating on the stock in a research report on Friday, November 10th. Zacks Investment Research raised shares of Nordstrom from a sell rating to a hold rating and set a $45.00 price target on the stock in a research report on Wednesday, November 8th. Finally, Citigroup reissued a hold rating and issued a $43.00 price target on shares of Nordstrom in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. Nordstrom currently has a consensus rating of Hold and a consensus price target of $46.24.

Shares of Nordstrom (NYSE JWN) traded up $0.02 during mid-day trading on Tuesday, reaching $48.27. 1,778,500 shares of the company were exchanged, compared to its average volume of 2,236,800. Nordstrom has a fifty-two week low of $37.79 and a fifty-two week high of $50.32. The company has a market capitalization of $7,980.00, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.71 and a beta of 0.89. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.00 and a quick ratio of 0.30.

Nordstrom (NYSE:JWN) last announced its earnings results on Thursday, November 9th. The specialty retailer reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. Nordstrom had a net margin of 3.25% and a return on equity of 67.44%. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Nordstrom’s revenue was up 2.0% compared to the same quarter last year. equities analysts anticipate that Nordstrom will post 2.96 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, November 27th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, November 24th. Nordstrom’s dividend payout ratio (DPR) is currently 51.93%.

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Nordstrom Company Profile

Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

Earnings History and Estimates for Nordstrom (NYSE:JWN)

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