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4-Traders Homepage  >  Equities  >  Nyse  >  Coach Inc    COH

COACH INC (COH)
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End-of-day quote. End-of-day quote  - 11/01
40.68 USD   -0.66%
11/15 TAPESTRY, INC. : Declares Quarterly Cash Dividend
11/08 TAPESTRY : Appoints Nicola Glass Creative Director of Kate Spade
11/07 COACH : Tapestry reports 1Q loss
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Coach : 4Q profit surges on lower costs, topping forecasts

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08/15/2017 | 12:54pm CET

NEW YORK (AP) — Coach Inc.'s fiscal fourth-quarter profit nearly doubled on lower costs, topping Wall Street expectations.

The luxury handbag maker said profit rose 86 percent to $151.7 million, or 53 cents. Earnings, adjusted for non-recurring gains, came to 50 cents per share.

The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

Revenue fell 2 percent to $1.13 billion and missed estimates. The prior-year period included an extra week of sales. Eight analysts surveyed by Zacks expected $1.15 billion.

Selling and general expenses fell 16 percent to $561.5 million, offsetting lackluster sales. Last year, the company started the process of closing 25 percent of its weaker locations within department stores. It also said it would plan fewer promotions and sales

For the year, the company reported profit of $591 million, or $2.09 per share. Revenue was reported as $4.49 billion.

Looking ahead, the company expects revenue between $5.8 billion and $5.9 billion in 2018. Earnings per share are expected to be $2.35 to $2.40 per share. On average, analysts surveyed by FactSet forecast full-year revenue of $5.03 billion and earnings of $2.40 per share.

Coach shares have risen 37 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 10 percent. The stock has risen 22 percent in the last 12 months. In premarket trading, the stock fell 9.6 percent, or $4.50, to $43.40.

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COH at https://www.zacks.com/ap/COH

Keywords: Coach, Earnings Report

Automated Insights, source Associated Press News

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Latest news on COACH INC
11/15 TAPESTRY, INC. : Declares Quarterly Cash Dividend
11/13 TAPESTRY, INC. : Change in Directors or Principal Officers, Submission of Matter..
11/09 COACH : TAPESTRY, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITI..
11/09 COACH : Deborah Lloyd Steps Down as Creative Director of Kate Spade New York
11/08 TAPESTRY : Appoints Nicola Glass Creative Director of Kate Spade
11/08 COACH : Just One Quarter in, Tapestry Is Off to a Slow Start So Far
11/07 COACH : Tapestry reports 1Q loss
11/07 TAPESTRY, INC. : Results of Operations and Financial Condition, Financial Statem..
11/07 TAPESTRY, INC. : Reports Fiscal 2018 First Quarter Results
11/02TAPESTRY INC : quaterly earnings release
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Financials ($)
Sales 2018 5 818 M
EBIT 2018 993 M
Net income 2018 605 M
Finance 2018 871 M
Yield 2018 3,21%
P/E ratio 2018 21,08
P/E ratio 2019 15,41
EV / Sales 2018 1,91x
EV / Sales 2019 1,73x
Capitalization 11 964 M
Chart COACH INC
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Coach Inc Technical Analysis Chart | COH | US1897541041 | 4-Traders
Technical analysis trends COACH INC
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Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 48,5 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary & Chief Accounting Officer
Olajide James Zeitlin Non-Executive Chairman
Kevin G. Wills Chief Financial Officer
Ivan M. Menezes Independent Non-Executive Director
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