Tiffany & Co. (TIF) Set to Announce Earnings on Wednesday

Posted by charmslife on May 20th, 2014

Tiffany & Co. (NYSE:TIF) is scheduled to post its Q114 quarterly earnings results on Wednesday, May 21st. Analysts expect Tiffany & Co. to post earnings of $0.78 per share and revenue of $955.05 million for the quarter. Tiffany & Co. has set its FY15 guidance at $4.05-4.15 EPS.

Tiffany & Co. (NYSE:TIF) last released its earnings data on Friday, March 21st. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by $2.33. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect Tiffany & Co. to post $4.17 EPS for the current fiscal year and $4.76 EPS for the next fiscal year.

Shares of Tiffany & Co. (NYSE:TIF) opened at 90.75 on Tuesday. Tiffany & Co. has a one year low of $70.70 and a one year high of $94.88. The stock has a 50-day moving average of $87.60 and a 200-day moving average of $87.74. The company has a market cap of $11.693 billion and a price-to-earnings ratio of 64.17.

TIF has been the subject of a number of recent research reports. Analysts at S&P Equity Research downgraded shares of Tiffany & Co. to a “hold” rating in a research note on Tuesday, May 13th. On a related note, analysts at Bank of America upgraded shares of Tiffany & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. They now have a $100.00 price target on the stock, up previously from $95.00. Finally, analysts at Stephens upgraded shares of Tiffany & Co. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, April 15th. They now have a $95.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $95.21.

Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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