YETI (YETI) Scheduled to Post Quarterly Earnings on Thursday

YETI (NYSE:YETI) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect YETI to post earnings of $0.60 per share for the quarter. YETI has set its FY24 guidance at $2.61-$2.65 EPS and its FY 2024 guidance at 2.610-2.650 EPS.Parties interested in participating in the company’s conference call can do so using this link.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, analysts expect YETI to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

YETI Stock Up 3.7 %

Shares of NYSE:YETI opened at $36.74 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $39.01 and a 200-day simple moving average of $39.12. The company has a market capitalization of $3.11 billion, a PE ratio of 17.01, a P/E/G ratio of 1.03 and a beta of 2.12. YETI has a twelve month low of $33.88 and a twelve month high of $54.15.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Bank of America upgraded shares of YETI from a “neutral” rating to a “buy” rating and upped their price objective for the company from $46.00 to $55.00 in a research note on Thursday, August 8th. TD Cowen raised their price target on YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group boosted their price objective on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Canaccord Genuity Group restated a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Monday, September 30th. Finally, KeyCorp upped their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.77.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.