Wall Street brokerages predict that Ralph Lauren Corp (NYSE:RL) will post earnings per share of $0.85 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ralph Lauren’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.81. Ralph Lauren reported earnings of $0.89 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, May 17th.
On average, analysts expect that Ralph Lauren will report full year earnings of $5.93 per share for the current fiscal year, with EPS estimates ranging from $5.73 to $6.04. For the next financial year, analysts forecast that the company will report earnings of $6.08 per share, with EPS estimates ranging from $5.98 to $6.23. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Ralph Lauren.
Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.16. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Ralph Lauren had a positive return on equity of 14.64% and a negative net margin of 1.33%. Ralph Lauren’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 EPS.
Ralph Lauren (RL) traded up $0.61 on Thursday, hitting $105.84. The stock had a trading volume of 735,314 shares, compared to its average volume of 719,187. Ralph Lauren has a fifty-two week low of $66.06 and a fifty-two week high of $119.33. The company has a quick ratio of 1.58, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The company has a market cap of $8,603.63, a P/E ratio of -104.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.69.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in shares of Ralph Lauren by 49.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock worth $581,581,000 after purchasing an additional 2,186,269 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Ralph Lauren by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,790,800 shares of the textile maker’s stock worth $185,688,000 after purchasing an additional 893,796 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Ralph Lauren by 35.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock worth $136,894,000 after purchasing an additional 408,000 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ralph Lauren by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,436,343 shares of the textile maker’s stock worth $127,633,000 after purchasing an additional 12,554 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Ralph Lauren by 973.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after purchasing an additional 1,279,221 shares during the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.
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Ralph Lauren Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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