Zumiez (NASDAQ:ZUMZ) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Zumiez (NASDAQ:ZUMZGet Free Report) issued its earnings results on Thursday. The apparel and footwear maker reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04, Briefing.com reports. The business had revenue of $222.50 million during the quarter, compared to the consensus estimate of $222.06 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) earnings per share. Zumiez updated its Q4 guidance to $0.83-0.93 EPS.

Zumiez Trading Down 11.0 %

Shares of ZUMZ traded down $2.50 during trading hours on Thursday, reaching $20.16. 674,373 shares of the stock traded hands, compared to its average volume of 257,120. Zumiez has a 52 week low of $12.90 and a 52 week high of $31.37. The stock has a fifty day simple moving average of $21.87 and a 200 day simple moving average of $22.16. The company has a market cap of $385.86 million, a price-to-earnings ratio of -7.68 and a beta of 1.25.

Insider Transactions at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the transaction, the director now owns 15,002 shares of the company’s stock, valued at $327,793.70. This represents a 17.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price target on shares of Zumiez from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, September 6th.

Read Our Latest Stock Report on ZUMZ

About Zumiez

(Get Free Report)

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Earnings History for Zumiez (NASDAQ:ZUMZ)

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