Wall Street analysts expect Fossil Group Inc (NASDAQ:FOSL) to report earnings per share of ($0.07) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Fossil Group’s earnings. The highest EPS estimate is $0.05 and the lowest is ($0.19). Fossil Group posted earnings of $0.17 per share in the same quarter last year, which would suggest a negative year over year growth rate of 141.2%. The business is scheduled to announce its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Fossil Group will report full year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.87. For the next fiscal year, analysts anticipate that the company will post earnings of $0.49 per share, with EPS estimates ranging from ($0.41) to $1.39. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Fossil Group.
Fossil Group (NASDAQ:FOSL) last announced its earnings results on Wednesday, May 8th. The accessories brand company reported ($0.42) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.11. Fossil Group had a return on equity of 8.88% and a net margin of 1.34%. The business had revenue of $465.30 million for the quarter, compared to analyst estimates of $453.97 million. During the same quarter last year, the firm earned ($0.99) EPS. Fossil Group’s revenue for the quarter was down 18.3% compared to the same quarter last year.
In other news, EVP Martin Frey bought 5,000 shares of the stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $9.70 per share, with a total value of $48,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in Fossil Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,606 shares of the accessories brand company’s stock valued at $497,000 after buying an additional 695 shares during the period. Triad Investment Management raised its position in Fossil Group by 0.6% during the first quarter. Triad Investment Management now owns 147,505 shares of the accessories brand company’s stock valued at $2,024,000 after purchasing an additional 838 shares in the last quarter. United Services Automobile Association raised its position in Fossil Group by 9.3% during the fourth quarter. United Services Automobile Association now owns 11,045 shares of the accessories brand company’s stock valued at $174,000 after purchasing an additional 943 shares in the last quarter. Comerica Bank raised its position in Fossil Group by 2.6% during the first quarter. Comerica Bank now owns 47,238 shares of the accessories brand company’s stock valued at $632,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Texas Permanent School Fund raised its position in Fossil Group by 4.1% during the first quarter. Texas Permanent School Fund now owns 30,988 shares of the accessories brand company’s stock valued at $425,000 after purchasing an additional 1,214 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.
FOSL stock traded up $0.22 during mid-day trading on Monday, reaching $10.78. The company had a trading volume of 1,092,861 shares, compared to its average volume of 1,456,043. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.99 and a quick ratio of 1.22. The stock’s 50 day moving average is $10.86. The company has a market capitalization of $532.04 million, a P/E ratio of 13.79 and a beta of 0.55. Fossil Group has a 52 week low of $9.46 and a 52 week high of $29.59.
About Fossil Group
Fossil Group, Inc designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. Its principal products include men's and women's fashion watches and jewelry, smartwatches, handbags, small leather goods, belts, and sunglasses.
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