Brokerages Anticipate Nordstrom, Inc. (JWN) to Announce $0.42 Earnings Per Share

Brokerages predict that Nordstrom, Inc. (NYSE:JWN) will announce earnings of $0.42 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Nordstrom’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.23. Nordstrom posted earnings per share of $0.43 in the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The business is expected to announce its next quarterly earnings results on Thursday, May 10th.

On average, analysts expect that Nordstrom will report full-year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.51. For the next fiscal year, analysts anticipate that the company will post earnings of $3.55 per share, with EPS estimates ranging from $3.25 to $3.79. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Nordstrom.

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Nordstrom (NYSE:JWN) last released its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.20 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.04). Nordstrom had a return on equity of 60.72% and a net margin of 2.86%. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the firm earned $1.27 EPS. Nordstrom’s quarterly revenue was up 8.4% on a year-over-year basis.

JWN has been the subject of a number of research reports. BMO Capital Markets boosted their price target on shares of Nordstrom from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, March 5th. Robert W. Baird reissued a “neutral” rating on shares of Nordstrom in a research note on Friday, March 2nd. ValuEngine cut shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. William Blair cut shares of Nordstrom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 23rd. Finally, TheStreet raised shares of Nordstrom from a “c+” rating to a “b-” rating in a research note on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.92.

In related news, CMO Scott A. Meden sold 10,000 shares of the company’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $49.02, for a total transaction of $490,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ken Worzel sold 13,703 shares of the company’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $48.97, for a total transaction of $671,035.91. The disclosure for this sale can be found here. Insiders have sold a total of 24,703 shares of company stock valued at $1,208,766 over the last quarter. 7.32% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of JWN. Macquarie Group Ltd. raised its holdings in Nordstrom by 65.8% during the 3rd quarter. Macquarie Group Ltd. now owns 5,797 shares of the specialty retailer’s stock valued at $273,000 after buying an additional 2,300 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Nordstrom by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 701,770 shares of the specialty retailer’s stock worth $33,090,000 after purchasing an additional 15,953 shares in the last quarter. California State Teachers Retirement System raised its holdings in Nordstrom by 3.8% in the 3rd quarter. California State Teachers Retirement System now owns 224,175 shares of the specialty retailer’s stock worth $10,570,000 after purchasing an additional 8,145 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in Nordstrom by 42.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 36,116 shares of the specialty retailer’s stock worth $1,702,000 after purchasing an additional 10,826 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in Nordstrom by 5.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 101,493 shares of the specialty retailer’s stock worth $4,785,000 after purchasing an additional 5,647 shares in the last quarter. Institutional investors own 58.91% of the company’s stock.

JWN stock traded up $0.79 during midday trading on Friday, reaching $47.94. The company had a trading volume of 336,082 shares, compared to its average volume of 1,908,211. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.07 and a quick ratio of 0.45. Nordstrom has a 1 year low of $37.79 and a 1 year high of $54.00. The stock has a market cap of $7,990.95, a PE ratio of 15.93, a P/E/G ratio of 2.33 and a beta of 0.83.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Monday, March 5th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.09%. Nordstrom’s dividend payout ratio is currently 50.00%.

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About Nordstrom

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.

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Earnings History and Estimates for Nordstrom (NYSE:JWN)

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