Tiffany & Co. (TIF) Issues FY18 Earnings Guidance

Tiffany & Co. (NYSE:TIF) issued an update on its FY18 earnings guidance on Friday morning. The company provided EPS guidance of MSD to $3.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.76.

Shares of Tiffany & Co. (NYSE:TIF) opened at 93.83 on Tuesday. The stock has a market capitalization of $11.68 billion, a P/E ratio of 26.28 and a beta of 1.89. Tiffany & Co. has a 1-year low of $56.99 and a 1-year high of $94.65. The firm’s 50-day moving average price is $85.64 and its 200 day moving average price is $78.42.

Tiffany & Co. (NYSE:TIF) last announced its earnings results on Friday, March 17th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The company earned $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. Tiffany & Co. had a return on equity of 15.97% and a net margin of 11.33%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. Analysts expect that Tiffany & Co. will post $3.90 EPS for the current fiscal year.

Earnings History and Estimates for Tiffany & Co. (NYSE:TIF)

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Monday, March 20th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.92%. Tiffany & Co.’s dividend payout ratio is presently 50.42%.

Several analysts have recently weighed in on TIF shares. Wells Fargo & Co restated an underperform rating and set a $71.00 target price (up from $65.00) on shares of Tiffany & Co. in a research note on Tuesday, November 29th. Jefferies Group LLC restated a buy rating and set a $100.00 target price (up from $85.00) on shares of Tiffany & Co. in a research note on Wednesday, November 30th. Zacks Investment Research upgraded Tiffany & Co. from a hold rating to a buy rating and set a $92.00 target price for the company in a research note on Tuesday, January 17th. Cowen and Company restated an outperform rating and set a $91.00 target price on shares of Tiffany & Co. in a research note on Wednesday, February 22nd. Finally, Deutsche Bank AG reiterated a hold rating and issued a $75.50 price target on shares of Tiffany & Co. in a research note on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $88.34.

In other Tiffany & Co. news, insider Andrew W. Hart sold 21,504 shares of Tiffany & Co. stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $80.13, for a total transaction of $1,723,115.52. Following the transaction, the insider now directly owns 7,786 shares in the company, valued at approximately $623,892.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew W. Hart sold 1,367 shares of Tiffany & Co. stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $77.98, for a total transaction of $106,598.66. Following the transaction, the insider now owns 4,654 shares in the company, valued at $362,918.92. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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Tiffany & Co. Company Profile

Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.

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