Yeti (NYSE:YETI) Releases FY 2020 Pre-Market Earnings Guidance

Yeti (NYSE:YETI) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.34-1.39 for the period, compared to the Thomson Reuters consensus estimate of $1.37. The company issued revenue guidance of $1.033-1.051 billion, compared to the consensus revenue estimate of $1.01 billion.Yeti also updated its FY20 guidance to $1.34-1.39 EPS.

Several research firms have commented on YETI. Piper Jaffray Companies reaffirmed a buy rating and issued a $41.00 price target on shares of Yeti in a report on Friday, December 27th. KeyCorp upped their price target on Yeti from $36.00 to $38.00 and gave the company an overweight rating in a report on Tuesday, November 5th. Zacks Investment Research raised Yeti from a hold rating to a buy rating and set a $37.00 price target for the company in a report on Saturday, January 18th. Piper Sandler upped their price target on Yeti from to in a report on Friday. Finally, Goldman Sachs Group raised Yeti from a neutral rating to a buy rating and increased their target price for the stock from $35.00 to $37.00 in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. Yeti currently has an average rating of Buy and a consensus price target of $36.77.

Shares of YETI traded down $1.35 during mid-day trading on Friday, reaching $32.84. The company had a trading volume of 3,987,950 shares, compared to its average volume of 1,777,943. Yeti has a twelve month low of $21.81 and a twelve month high of $38.61. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.65 and a quick ratio of 0.61. The company’s 50-day moving average is $34.36 and its 200-day moving average is $31.48. The company has a market capitalization of $3.07 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.62 and a beta of 2.91.

Yeti (NYSE:YETI) last issued its earnings results on Thursday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. Yeti had a return on equity of 152.95% and a net margin of 8.27%. The business had revenue of $297.60 million during the quarter, compared to analysts’ expectations of $279.55 million. During the same period in the prior year, the firm posted $0.38 EPS. Yeti’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, equities analysts expect that Yeti will post 1.04 EPS for the current fiscal year.

In related news, SVP Kirk A. Zambetti sold 32,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.91, for a total transaction of $1,021,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert O. Murdock sold 25,188 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $36.00, for a total value of $906,768.00. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.

About Yeti

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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