Dillard’s (DDS) Expected to Announce Earnings of -$0.52 Per Share

Wall Street brokerages predict that Dillard’s (NYSE:DDS) will post earnings of ($0.52) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dillard’s’ earnings, with the highest EPS estimate coming in at ($0.31) and the lowest estimate coming in at ($0.72). Dillard’s posted earnings of ($0.58) per share during the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The firm is scheduled to issue its next earnings results on Thursday, August 9th.

On average, analysts expect that Dillard’s will report full-year earnings of $5.86 per share for the current financial year, with EPS estimates ranging from $5.64 to $6.02. For the next financial year, analysts expect that the firm will post earnings of $5.18 per share, with EPS estimates ranging from $4.99 to $5.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Dillard’s.

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Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 17th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.12. Dillard’s had a return on equity of 9.52% and a net margin of 3.65%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $2.12 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis.

A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet cut Dillard’s from a “b” rating to a “c+” rating in a research report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and set a $83.00 price objective (up previously from $72.00) on shares of Dillard’s in a research report on Wednesday, February 28th. JPMorgan Chase reiterated an “underweight” rating on shares of Dillard’s in a research report on Tuesday, February 27th. Finally, Zacks Investment Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $60.25.

DDS opened at $77.37 on Wednesday. Dillard’s has a 1-year low of $47.12 and a 1-year high of $88.51. The company has a current ratio of 1.66, a quick ratio of 0.26 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.18 billion, a P/E ratio of 13.81 and a beta of 1.09.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 7th. Shareholders of record on Friday, March 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, March 28th. Dillard’s’s payout ratio is 8.33%.

Dillard’s declared that its board has authorized a stock repurchase program on Thursday, March 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other Dillard’s news, Director James I. Freeman sold 8,357 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $84.05, for a total transaction of $702,405.85. Following the transaction, the director now owns 270,224 shares in the company, valued at approximately $22,712,327.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its holdings in shares of Dillard’s by 11.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 6,889 shares of the company’s stock worth $553,000 after purchasing an additional 683 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Dillard’s by 52.9% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 4,207 shares of the company’s stock worth $338,000 after purchasing an additional 1,456 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Dillard’s by 2.3% during the 1st quarter. Prudential Financial Inc. now owns 98,368 shares of the company’s stock worth $7,903,000 after purchasing an additional 2,240 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of Dillard’s by 6.5% during the 4th quarter. Vident Investment Advisory LLC now owns 37,167 shares of the company’s stock worth $2,232,000 after purchasing an additional 2,266 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Dillard’s by 18.5% during the 1st quarter. Aperio Group LLC now owns 15,728 shares of the company’s stock worth $1,264,000 after purchasing an additional 2,453 shares in the last quarter. 89.38% of the stock is currently owned by institutional investors.

Dillard’s Company Profile

Dillard's, Inc operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. It operates through two segments, Retail Operations and Construction. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.