Tiffany & Co. (NYSE:TIF) Releases Earnings Results, Beats Estimates By $0.08 EPS

Tiffany & Co. (NYSE:TIF) issued its quarterly earnings data on Friday. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08, MarketWatch Earnings reports. Tiffany & Co. had a net margin of 12.23% and a return on equity of 17.39%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year.

Shares of NYSE TIF opened at $125.44 on Monday. The company has a current ratio of 3.99, a quick ratio of 1.45 and a debt-to-equity ratio of 0.57. Tiffany & Co. has a 12 month low of $78.60 and a 12 month high of $134.42. The company has a 50 day simple moving average of $131.70 and a two-hundred day simple moving average of $120.17. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.37 and a beta of 1.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, March 19th. Tiffany & Co.’s payout ratio is 50.54%.

TIF has been the topic of several research analyst reports. Cowen downgraded shares of Tiffany & Co. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $160.00 to $135.00 in a research report on Monday, December 9th. Evercore ISI downgraded shares of Tiffany & Co. to an “outperform” rating in a research report on Monday, November 25th. Guggenheim downgraded shares of Tiffany & Co. from a “buy” rating to a “neutral” rating in a research report on Monday, November 25th. Atlantic Securities downgraded shares of Tiffany & Co. from an “overweight” rating to a “neutral” rating and set a $135.00 target price on the stock. in a research report on Tuesday, November 26th. Finally, Morgan Stanley boosted their target price on shares of Tiffany & Co. from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $123.17.

Tiffany & Co. Company Profile

Tiffany & Co, through its subsidiaries, designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. The company offers jewelry collections, engagement rings, and wedding bands. It also sells watches, home and accessories products, eyewear, and fragrances; and wholesales diamonds and earnings.

Further Reading: Beta

Earnings History for Tiffany & Co. (NYSE:TIF)

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