Earnings Estimate Report: Kate Spade & Company's (KATE)

Now the shares of Kate Spade & Company (KATE) has a trading volume of 7.74 Million shares, with an average trading volume of 4010 shares - with shares dropping to a 52 week low of $14.02, and the company's shares hitting a 52 week high of $ 26.46. Adjusted EBITDA was $30 million for the first quarter of 2017, counting the formerly mentioned fees and expenses of $2 million related to the Company's ongoing review of planned alternatives, contrast to Adjusted EBITDA of $35 million for the first quarter of 2016. Buy rating has been given by 2 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and no analyst given HOLD rating.

Cowen and Company reaffirmed their market perform rating on shares of Kate Spade & Co (NYSE:KATE) in a report published on Wednesday.

The stock's 50 day moving average is 22.13 and its 200 day moving average is 18.71. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.164 and a beta of 1.62. The current share price indicates that stock is -31.37% away from its one year high and is moving 29.53% ahead of its 52-week low. On average, equities analysts anticipate that Kate Spade & Co will post $0.87 EPS for the current year. The stock has a consensus rating of "Hold" and an average price target of $22.73. During the same period in the previous year, the business earned $0.32 EPS. The textile maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.06.

Kate Spade & Company (NYSE:KATE) yearly performance is -26.39% and net profit margin is 11.10%. The latest reports which are outstanding on Tuesday 18th of April state 3 analysts have a rating of "strong buy", 3 analysts "buy", 12 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".

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01/25/2017 - Kate Spade was downgraded to " by analysts at Telsey Advisory Group. In addition, the Adelington Design Group segment serves J.C. Penney Corporation, Inc. This is a decrease over its earnings per share of 8 cents from the same time past year. Asset Management One Co. Finally, LS Investment Advisors LLC raised its stake in shares of Kate Spade & Co by 5.6% in the third quarter. The company's institutional ownership is monitored at 0 percent.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Kate Spade & Company (KATE) stands at 4.65 while the industry's and the sector's growth for next 5 years ticked at 16.83 and 3.72 respectively.

Craig A. Leavitt, Chief Executive Officer of Kate Spade & Company, said: "Despite a challenging retail environment and the later Easter holiday, we achieved yet another quarter of double-digit eCommerce comparable sales growth, which assisted offset softness in bricks and mortar stores".

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