Analysts Anticipate Urban Outfitters, Inc. (NASDAQ:URBN) Will Post Earnings of $0.57 Per Share

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Wall Street analysts forecast that Urban Outfitters, Inc. (NASDAQ:URBN) will report $0.57 earnings per share (EPS) for the current quarter, Zacks reports. Eleven analysts have made estimates for Urban Outfitters’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.67. Urban Outfitters posted earnings of $0.70 per share in the same quarter last year, which would suggest a negative year over year growth rate of 18.6%. The business is scheduled to announce its next quarterly earnings results on Monday, November 18th.

According to Zacks, analysts expect that Urban Outfitters will report full-year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.49. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.58 per share, with EPS estimates ranging from $2.29 to $2.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The company had revenue of $962.30 million during the quarter, compared to analyst estimates of $981.40 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Urban Outfitters’s revenue was down 3.0% compared to the same quarter last year.

Several analysts recently commented on URBN shares. ValuEngine raised Urban Outfitters from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. Deutsche Bank cut their price objective on Urban Outfitters from $29.00 to $28.00 and set a “hold” rating for the company in a report on Friday, August 16th. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Urban Outfitters in a report on Wednesday, August 21st. Finally, Wolfe Research cut their price objective on Urban Outfitters from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and an average price target of $29.41.

Shares of URBN opened at $23.92 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.60 and a quick ratio of 0.89. Urban Outfitters has a one year low of $19.63 and a one year high of $42.50. The firm has a market capitalization of $2.42 billion, a P/E ratio of 8.70, a PEG ratio of 1.05 and a beta of 0.72. The business has a fifty day moving average of $22.87 and a 200 day moving average of $25.77.

Several institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Urban Outfitters by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,647 shares of the apparel retailer’s stock valued at $697,000 after acquiring an additional 431 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Urban Outfitters by 13.4% in the second quarter. Advisor Group Inc. now owns 4,018 shares of the apparel retailer’s stock valued at $91,000 after acquiring an additional 476 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Urban Outfitters by 1.5% in the first quarter. Mason Street Advisors LLC now owns 40,069 shares of the apparel retailer’s stock worth $1,188,000 after buying an additional 601 shares in the last quarter. Huntington National Bank lifted its position in shares of Urban Outfitters by 136.4% in the second quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock worth $30,000 after buying an additional 750 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after buying an additional 789 shares in the last quarter. Institutional investors and hedge funds own 74.12% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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