GAP (NYSE:GPS) Releases FY20 Earnings Guidance

GAP (NYSE:GPS) updated its FY20 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.05-2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.07. GAP also updated its FY 2019 guidance to $2.05-2.15 EPS.

Several research analysts have recently commented on the company. Argus reiterated a hold rating on shares of GAP in a report on Tuesday, June 4th. Bank of America reiterated an underperform rating and set a $15.00 price target (down previously from $24.00) on shares of GAP in a report on Friday, May 31st. MKM Partners reduced their price target on GAP from $33.00 to $18.00 and set a neutral rating on the stock in a report on Tuesday, June 11th. ValuEngine lowered GAP from a sell rating to a strong sell rating in a report on Monday, May 13th. Finally, TheStreet lowered GAP from a b- rating to a c+ rating in a report on Thursday, June 13th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $24.73.

GPS traded up $0.79 on Thursday, hitting $17.75. The company had a trading volume of 15,084,279 shares, compared to its average volume of 5,972,313. The firm has a market cap of $6.30 billion, a P/E ratio of 6.85, a PEG ratio of 0.91 and a beta of 0.71. GAP has a 1 year low of $15.22 and a 1 year high of $32.69. The company’s fifty day moving average price is $18.11 and its 200 day moving average price is $22.16. The company has a current ratio of 1.49, a quick ratio of 0.70 and a debt-to-equity ratio of 1.92.

GAP (NYSE:GPS) last issued its quarterly earnings data on Thursday, May 30th. The apparel retailer reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.07). The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.78 billion. GAP had a net margin of 6.46% and a return on equity of 26.73%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. On average, analysts predict that GAP will post 2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 9th will be given a $0.243 dividend. This is an increase from GAP’s previous quarterly dividend of $0.24. This represents a $0.97 annualized dividend and a yield of 5.48%. The ex-dividend date is Tuesday, October 8th. GAP’s payout ratio is currently 37.45%.

In other GAP news, CEO Mcneil S. Fiske, Jr. sold 16,183 shares of GAP stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $18.00, for a total value of $291,294.00. Following the completion of the transaction, the chief executive officer now directly owns 32,500 shares of the company’s stock, valued at approximately $585,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 37.60% of the company’s stock.

About GAP

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Earnings History and Estimates for GAP (NYSE:GPS)

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