Nordstrom (NYSE:JWN – Get Free Report) released its quarterly earnings data on Tuesday. The specialty retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.25, Briefing.com reports. The business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Nordstrom had a negative net margin of 1.35% and a negative return on equity of 26.45%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. 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 2.4 %
Shares of NYSE:JWN traded down $0.53 during midday trading on Tuesday, hitting $21.14. The company had a trading volume of 5,609,119 shares, compared to its average volume of 3,348,901. The company has a current ratio of 1.03, a quick ratio of 0.36 and a debt-to-equity ratio of 3.13. Nordstrom has a 12 month low of $12.88 and a 12 month high of $24.03. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 2.55 and a beta of 2.62. The firm has a fifty day simple moving average of $21.92 and a 200 day simple moving average of $20.64.
Nordstrom Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be given a $0.19 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.60%. Nordstrom’s payout ratio is 41.53%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Nordstrom
About Nordstrom
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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