The $0.14 EPS Expected for Kate Spade & Co (KATE) This Quarter

The $0.14 EPS Expected for Kate Spade & Co (KATE) This Quarter

On average, analysts expect that Kate Spade & Co will report full-year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.70 to $0.81. For the next fiscal year, analysts forecast that the company will post earnings of $0.93 per share, with EPS estimates ranging from $0.80 to $1.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Kate Spade & Co.

Analysts expect Kate Spade & Co (NYSE:KATE) to announce $0.14 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Kate Spade & Co’s earnings, with estimates ranging from $0.10 to $0.18. Kate Spade & Co reported earnings of $0.11 per share during the same quarter last year, which would indicate a positive year over year growth rate of 27.3%. The firm is expected to issue its next earnings results on Wednesday, August 2nd.

Kate Spade & Co (NYSE:KATE) last issued its quarterly earnings results on Tuesday, April 18th. The textile maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $271 million for the quarter, compared to the consensus estimate of $299.08 million. Kate Spade & Co had a net margin of 9.67% and a return on equity of 27.34%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. Several research firms recently weighed in on KATE. Cowen and Company boosted their price objective on shares of Kate Spade & Co from $23.00 to $27.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 1st. Vetr upgraded shares of Kate Spade & Co from a “hold” rating to a “buy” rating and set a $25.44 price objective for the company in a research report on Tuesday, March 28th. Zacks Investment Research upgraded shares of Kate Spade & Co from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research report on Friday, February 17th. Citigroup Inc cut shares of Kate Spade & Co from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research report on Wednesday, March 22nd. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Kate Spade & Co in a research report on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.60.

Several institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in shares of Kate Spade & Co by 3.2% in the third quarter. Riverhead Capital Management LLC now owns 6,300 shares of the textile maker’s stock valued at $108,000 after buying an additional 195 shares during the period. Advisor Group Inc. raised its position in shares of Kate Spade & Co by 5.0% in the third quarter. Advisor Group Inc. now owns 6,885 shares of the textile maker’s stock valued at $118,000 after buying an additional 329 shares during the period. LS Investment Advisors LLC raised its position in shares of Kate Spade & Co by 5.6% in the third quarter. LS Investment Advisors LLC now owns 8,314 shares of the textile maker’s stock valued at $142,000 after buying an additional 439 shares during the period. Capstone Asset Management Co. raised its position in shares of Kate Spade & Co by 2.1% in the first quarter. Capstone Asset Management Co. now owns 22,725 shares of the textile maker’s stock valued at $528,000 after buying an additional 470 shares during the period. Finally, Profund Advisors LLC raised its position in shares of Kate Spade & Co by 3.4% in the first quarter. Profund Advisors LLC now owns 17,669 shares of the textile maker’s stock valued at $410,000 after buying an additional 589 shares during the period. 98.36% of the stock is owned by institutional investors. Kate Spade & Co Company Profile

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. It operates through three segments. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America. The KATE SPADE International segment consists of the Company’s kate spade new york and JACK SPADE brands in international markets, which operates principally in Japan, Asia (excluding Japan), Europe and Latin America).

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