Macy’s (NYSE:M) Releases Earnings Results, Beats Estimates By $0.25 EPS

Macy’s (NYSE:M) released its quarterly earnings data on Thursday. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.25, Zacks reports. Macy’s had a net margin of 0.73% and a return on equity of 21.99%. Macy’s updated its FY 2025 guidance to 2.050-2.250 EPS.

Macy’s Stock Down 1.2 %

Shares of Macy’s stock traded down $0.16 on Thursday, hitting $13.15. The company had a trading volume of 9,291,585 shares, compared to its average volume of 6,752,928. The firm has a market capitalization of $3.65 billion, a P/E ratio of 22.46 and a beta of 2.05. Macy’s has a twelve month low of $12.60 and a twelve month high of $22.10. The stock has a 50-day moving average of $15.26 and a 200-day moving average of $15.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17.

Macy’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.1824 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Macy’s’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.55%. Macy’s’s dividend payout ratio is 116.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on M shares. JPMorgan Chase & Co. cut their price target on Macy’s from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com upgraded shares of Macy’s from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $17.00 target price on shares of Macy’s in a research note on Thursday. Morgan Stanley lowered their price target on Macy’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 12th. Finally, UBS Group reduced their price objective on Macy’s from $10.00 to $9.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Macy’s presently has an average rating of “Hold” and a consensus price target of $17.14.

Macy’s Company Profile

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.