|Bid||16.00 x 29200|
|Ask||21.60 x 1400|
|Day's Range||18.75 - 19.35|
|52 Week Range||17.25 - 27.87|
|PE Ratio (TTM)||10.23|
|Earnings Date||Aug 22, 2018 - Aug 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.58|
NEW YORK, NY / ACCESSWIRE / June 15, 2018 / While it was an exciting day for one crafts company, it was a very disappointing day for another. Shares of Etsy were exploding in Thursday trading and even hitting a new high after announcing an increase in its cut that the company takes from sales. Shares of The Michaels Companies plummeted and came just 50 cents shy of hitting its 52-week low during intra-day trading after issuing worrisome second quarter guidance.
Michaels Companies (MIK) reports top- and bottom-line beat in first-quarter fiscal 2018. However, investors punish the stock on soft view for the fiscal second quarter.
Investors shrugged off solid first-quarter results and firm full-year guidance to focus squarely on modest guidance for the next quarter.
This is up just barely from its earnings per share of 38 cents reported in the same period of the year prior. It also came in above Wall Street’s earnings per share estimate of 38 cents for the quarter. Net income reported by Michaels Companies Inc for its fiscal first quarter of 2018 was $26.89 million.
The site for handmade goods, which struggled after its initial public offering in 2015, began its turnaround effort after board member and former eBay executive Josh Silverman took charge as chief executive officer in May last year after ex-CEO Chad Dickerson stepped down. Silverman came to Etsy amid concerns about slowing growth, poor functionality of the company's website and the specter of competition from Amazon.com Inc, which launched a marketplace for handmade goods in 2015. The company now expects revenue growth of 32 percent to 34 percent in 2018, up from its previous forecast of 22 percent to 24 percent.
Shares of traditional retailers The Michaels Companies Inc. ( MIK) and Tailored Brands Inc. ( TLRD) were plagued with double-digit losses in pre-market trade today on the heels of their quarterly reports. Arts and crafts retailer Michaels Companies reported first-quarter adjusted net income of 39 cents per share, topping the Street view of 38 cents per share. Michaels stock is off 9.3% year to date.
The most recent earnings update The Michaels Companies Inc’s (NASDAQ:MIK) released in February 2018 showed that the company benefited from a slight tailwind, eventuating to a single-digit earnings growth ofRead More...
On a per-share basis, the Irving, Texas-based company said it had net income of 15 cents. Earnings, adjusted for one-time gains and costs, came to 39 cents per share. The results surpassed Wall Street ...
Shares of Michaels Companies Inc. tumbled 16% in premarket trade Thursday, after the arts and crafts retailer beat fiscal first-quarter profit expectations, but missed on same-store sales and provided a downbeat outlook. Net income for the quarter to May 5 fell to $26.9 million, or 15 cents a share, from $72.2 million, or 38 cents a share, in the same period a year ago.
The Michaels Companies, Inc. today reported diluted earnings per share for the first quarter of fiscal 2018 of $0.15, or $0.39 per diluted share excluding approximately $0.20 per diluted share related to a one-time charge associated with the restructuring of the Aaron Brothers division and approximately $0.04 per diluted share from provisional adjustments related to the Tax Cuts and Jobs Act of 2017 ...
Michaels Companies (MIK) mixed surprise trend alongside a modest forecast for fiscal 2018 and first quarter concerns investors. However, its robust strategies should drive growth.
Four companies in the Specialty Retail space have been selected by WallStEquities.com for review this morning: Party City Holdco Inc. (NYSE: PRTY), Stitch Fix Inc. (NASDAQ: SFIX), The Finish Line Inc. (NASDAQ: FINL), and The Michaels Cos. Inc. (NASDAQ: MIK). Elmsford, New York-based Party City Holdco Inc.'s shares declined slightly by 0.66%, closing Monday's trading session at $15.00.
Below is a list of names for those charts we believe are showing technical characteristics of either bullish or bearish reversal patterns that occurred over the past week. Bullish reversals imply institutional accumulation and the potential for higher prices.
The Michaels Companies, Inc. (MIK) today announced that the Company plans to report first quarter results on Thursday, June 14, 2018, before the opening of U.S. financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on Thursday, June 14, 2018, to discuss its financial and operational results. Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10120257.
LONDON, UK / ACCESSWIRE / May 11, 2018 / If you want a free Stock Review on MIK sign up now at www.wallstequities.com/registration. All you have to do is sign up today for this free limited time offer by clicking the link below.
NEW YORK, May 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Kinder ...
Stock Monitor: Michaels Cos. Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 19, 2018 / Active-Investors.com has just released a free earnings report on Stitch Fix, Inc. (NASDAQ: SFIX ). If you ...
Short interest is moderate for MIK with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The net inflows of $2.04 billion over the last one-month into ETFs that hold MIK are not among the highest of the last year and have been slowing.