$1.27 EPS Expected for Fossil Group Inc (FOSL) This Quarter

Wall Street brokerages expect Fossil Group Inc (NASDAQ:FOSL) to post earnings per share (EPS) of $1.27 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Fossil Group’s earnings. The lowest EPS estimate is $1.20 and the highest is $1.33. Fossil Group posted earnings per share of $0.64 in the same quarter last year, which indicates a positive year over year growth rate of 98.4%. The business is expected to report its next earnings results on Tuesday, February 12th.

According to Zacks, analysts expect that Fossil Group will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $0.96 to $1.10. For the next financial year, analysts expect that the company will report earnings of $1.54 per share, with EPS estimates ranging from $1.33 to $1.74. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Fossil Group.

Fossil Group (NASDAQ:FOSL) last posted its earnings results on Wednesday, November 7th. The accessories brand company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.29. The firm had revenue of $609.00 million during the quarter, compared to analysts’ expectations of $616.30 million. Fossil Group had a positive return on equity of 0.15% and a negative net margin of 4.90%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share.

Several equities research analysts recently weighed in on FOSL shares. BidaskClub upgraded Fossil Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 16th. Zacks Investment Research raised Fossil Group from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, October 9th. Finally, ValuEngine raised Fossil Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Fossil Group presently has a consensus rating of “Buy” and a consensus target price of $22.50.

FOSL stock opened at $17.58 on Wednesday. The company has a market cap of $927.29 million, a P/E ratio of 1,875.00 and a beta of -0.13. Fossil Group has a fifty-two week low of $6.26 and a fifty-two week high of $32.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.01 and a quick ratio of 1.10.

In other Fossil Group news, VP John A. White sold 18,800 shares of Fossil Group stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $20.75, for a total transaction of $390,100.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James E. Skinner sold 6,000 shares of Fossil Group stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $21.31, for a total value of $127,860.00. Following the transaction, the director now directly owns 42,943 shares in the company, valued at approximately $915,115.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,103 shares of company stock worth $829,347. 8.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOSL. Palo Capital Inc. acquired a new position in shares of Fossil Group in the third quarter valued at approximately $156,000. Xact Kapitalforvaltning AB acquired a new position in shares of Fossil Group in the second quarter valued at approximately $207,000. Royal Bank of Canada increased its holdings in shares of Fossil Group by 170.3% in the first quarter. Royal Bank of Canada now owns 16,660 shares of the accessories brand company’s stock valued at $212,000 after purchasing an additional 40,353 shares during the period. Virtu Financial LLC acquired a new position in shares of Fossil Group in the third quarter valued at approximately $212,000. Finally, United Services Automobile Association acquired a new position in shares of Fossil Group in the second quarter valued at approximately $220,000.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.

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