Urban Outfitters, Inc. (NASDAQ:URBN) Expected to Post Earnings of -$0.27 Per Share

Wall Street brokerages predict that Urban Outfitters, Inc. (NASDAQ:URBN) will report ($0.27) earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Urban Outfitters’ earnings. The highest EPS estimate is $0.22 and the lowest is ($0.59). Urban Outfitters reported earnings per share of $0.61 during the same quarter last year, which suggests a negative year-over-year growth rate of 144.3%. The business is expected to issue its next quarterly earnings results on Tuesday, August 18th.

On average, analysts expect that Urban Outfitters will report full year earnings of ($1.02) per share for the current fiscal year, with EPS estimates ranging from ($1.97) to ($0.41). For the next year, analysts anticipate that the company will report earnings of $1.56 per share, with EPS estimates ranging from $0.88 to $1.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, May 19th. The apparel retailer reported ($1.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($1.15). Urban Outfitters had a negative net margin of 0.08% and a positive return on equity of 2.65%. The company had revenue of $588.50 million for the quarter, compared to the consensus estimate of $637.99 million. During the same period in the previous year, the business earned $0.31 EPS. Urban Outfitters’s revenue for the quarter was down 31.9% compared to the same quarter last year.

A number of equities research analysts recently weighed in on URBN shares. Loop Capital dropped their price objective on Urban Outfitters from $23.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. DA Davidson raised their price objective on Urban Outfitters from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Wells Fargo & Co dropped their price objective on Urban Outfitters from $30.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. MKM Partners decreased their price target on Urban Outfitters from $23.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Finally, Citigroup decreased their price target on Urban Outfitters from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.56.

URBN stock traded down $1.11 during trading on Friday, reaching $14.70. 8,379,697 shares of the company traded hands, compared to its average volume of 2,063,781. Urban Outfitters has a 12 month low of $12.28 and a 12 month high of $31.41. The business has a 50 day simple moving average of $17.74 and a 200 day simple moving average of $21.34. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 43.92 and a beta of 1.27. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.27 and a current ratio of 1.77.

Several large investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Urban Outfitters by 3.2% in the first quarter. State Street Corp now owns 2,199,487 shares of the apparel retailer’s stock worth $31,321,000 after purchasing an additional 67,883 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Urban Outfitters by 25.4% in the first quarter. Royal Bank of Canada now owns 51,911 shares of the apparel retailer’s stock worth $738,000 after purchasing an additional 10,525 shares during the last quarter. New Mexico Educational Retirement Board raised its position in Urban Outfitters by 29.2% during the first quarter. New Mexico Educational Retirement Board now owns 16,835 shares of the apparel retailer’s stock valued at $240,000 after acquiring an additional 3,800 shares in the last quarter. State of Tennessee Treasury Department raised its position in Urban Outfitters by 10.3% during the first quarter. State of Tennessee Treasury Department now owns 6,338 shares of the apparel retailer’s stock valued at $90,000 after acquiring an additional 593 shares in the last quarter. Finally, Maverick Capital Ltd. raised its position in Urban Outfitters by 191.7% during the first quarter. Maverick Capital Ltd. now owns 104,709 shares of the apparel retailer’s stock valued at $1,491,000 after acquiring an additional 68,810 shares in the last quarter. Hedge funds and other institutional investors own 71.97% 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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