Yeti (NYSE:YETI) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Yeti (NYSE:YETI) released its earnings results on Thursday. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06, reports. The company had revenue of $297.60 million during the quarter, compared to analyst estimates of $279.55 million. Yeti had a return on equity of 152.95% and a net margin of 8.27%. Yeti’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Yeti updated its FY 2020
Pre-Market guidance to 1.34-1.39 EPS and its FY20 guidance to $1.34-1.39 EPS.

Yeti stock traded down $1.07 during mid-day trading on Friday, reaching $33.12. 35,137 shares of the company traded hands, compared to its average volume of 1,704,240. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.65 and a quick ratio of 0.61. The firm’s 50 day moving average price is $34.39 and its 200 day moving average price is $31.49. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 39.66, a P/E/G ratio of 1.62 and a beta of 2.91. Yeti has a 52-week low of $19.86 and a 52-week high of $38.61.

In related news, SVP Kirk A. Zambetti sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $31.91, for a total value of $1,021,120.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert O. Murdock sold 25,188 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $36.00, for a total value of $906,768.00. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by corporate insiders.

Several equities analysts recently weighed in on YETI shares. Cowen restated a “buy” rating and set a $42.00 price target on shares of Yeti in a research report on Tuesday, February 4th. Roth Capital began coverage on shares of Yeti in a report on Tuesday, December 17th. They set a “buy” rating and a $37.00 target price on the stock. Stifel Nicolaus cut their price objective on Yeti from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Piper Jaffray Companies restated a “buy” rating and issued a $41.00 price objective on shares of Yeti in a research report on Friday, December 27th. Finally, KeyCorp raised their target price on shares of Yeti from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $35.75.

Yeti Company Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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Earnings History for Yeti (NYSE:YETI)

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