YETI (NYSE:YETI) Issues FY24 Earnings Guidance

YETI (NYSE:YETI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.65 for the period, compared to the consensus earnings per share estimate of $2.64. The company issued revenue guidance of $1.832 billion, compared to the consensus revenue estimate of $1.83 billion. YETI also updated its FY 2024 guidance to 2.650-2.650 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on YETI shares. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price objective on shares of YETI in a research note on Monday, September 30th. KeyCorp lifted their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Citigroup reduced their target price on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Jefferies Financial Group upped their price target on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Roth Mkm lifted their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.62.

YETI Stock Up 2.9 %

Shares of YETI opened at $37.16 on Thursday. The company has a market capitalization of $3.15 billion, a PE ratio of 16.72, a PEG ratio of 1.07 and a beta of 2.12. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $38.80 and its two-hundred day moving average price is $39.10. YETI has a 12 month low of $33.41 and a 12 month high of $54.15.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. The firm had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. On average, analysts anticipate that YETI will post 2.35 EPS for the current year.

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.