Sears (NASDAQ:SHLD) issued its quarterly earnings results on Thursday. The company reported ($3.93) EPS for the quarter, missing analysts’ consensus estimates of ($1.51) by ($2.42), RTT News reports. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. The business’s revenue for the quarter was down 31.2% on a year-over-year basis. During the same quarter last year, the business earned ($2.15) earnings per share.
Shares of Sears opened at $3.21 on Thursday, MarketBeat reports. Sears has a fifty-two week low of $1.99 and a fifty-two week high of $10.76. The company has a current ratio of 0.78, a quick ratio of 0.21 and a debt-to-equity ratio of -0.60.
A number of brokerages have recently commented on SHLD. BidaskClub raised Sears from a “hold” rating to a “buy” rating in a report on Saturday, May 19th. ValuEngine raised Sears from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, S&P Equity Research decreased their target price on Sears from $2.59 to $2.30 in a research note on Tuesday, March 27th.
Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies.
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