Yeti (YETI) to Release Quarterly Earnings on Thursday

Yeti (NYSE:YETI) will issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Yeti has set its FY19 guidance at $1.02-$1.06 EPS and its FY 2019 guidance at $1.02-1.06 EPS.

Yeti (NYSE:YETI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The business had revenue of $155.40 million during the quarter, compared to the consensus estimate of $143.20 million. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts expect Yeti to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Yeti stock opened at $34.88 on Wednesday. Yeti has a 1 year low of $12.40 and a 1 year high of $38.11. The stock has a 50-day simple moving average of $30.89. The company has a market capitalization of $3.03 billion and a P/E ratio of 44.72. The company has a quick ratio of 0.59, a current ratio of 1.54 and a debt-to-equity ratio of 7.72.

In related news, SVP Bryan C. Barksdale sold 9,650 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $28.50, for a total transaction of $275,025.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew J. Reintjes sold 43,908 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $28.50, for a total value of $1,251,378.00. The disclosure for this sale can be found here. Insiders have sold 2,549,150 shares of company stock valued at $72,650,775 over the last ninety days. 10.70% of the stock is owned by insiders.

Several brokerages have issued reports on YETI. Goldman Sachs Group upgraded Puxin from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $56.00 in a report on Friday, May 3rd. Cowen restated an “outperform” rating and issued a $1,420.00 price target (up from $1,390.00) on shares of Alphabet in a report on Thursday, April 11th. Finally, Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, July 5th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.61.

About Yeti

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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