Nordstrom (NYSE:JWN – Get Free Report) announced its quarterly earnings data on Tuesday. The specialty retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.71 by $0.25, Briefing.com reports. Nordstrom had a negative net margin of 1.35% and a negative return on equity of 26.45%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Nordstrom updated its FY25 guidance to $1.75-2.05 EPS and its FY 2024 guidance to 1.750-2.050 EPS.
Nordstrom Trading Down 0.2 %
JWN opened at $21.99 on Friday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.03 and a quick ratio of 0.36. Nordstrom has a fifty-two week low of $12.88 and a fifty-two week high of $24.03. The firm has a market capitalization of $3.60 billion, a PE ratio of 12.01, a P/E/G ratio of 2.55 and a beta of 2.62. The company’s 50-day moving average is $21.93 and its 200 day moving average is $20.68.
Nordstrom Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 3.46%. Nordstrom’s dividend payout ratio is currently 41.53%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on JWN
Nordstrom Company Profile
Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.
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