YETI (YETI) Scheduled to Post Quarterly Earnings on Thursday

YETI (NYSE:YETI) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect YETI to post earnings of $0.60 per share for the quarter. YETI has set its FY24 guidance at $2.61-$2.65 EPS and its FY 2024 guidance at 2.610-2.650 EPS.Parties interested in listening to the company’s conference call can do so using this link.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, analysts expect YETI to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

YETI Stock Up 3.7 %

YETI stock opened at $36.74 on Tuesday. The firm’s fifty day moving average is $39.01 and its 200 day moving average is $39.12. The firm has a market cap of $3.11 billion, a PE ratio of 17.01, a P/E/G ratio of 1.03 and a beta of 2.12. YETI has a one year low of $33.88 and a one year high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup lowered their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Roth Mkm lifted their price target on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Jefferies Financial Group boosted their price target on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price objective on shares of YETI in a report on Tuesday, July 30th. Finally, B. Riley boosted their target price on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.77.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.