{"id":1731,"date":"2010-11-11T13:12:00","date_gmt":"2010-11-11T13:12:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/macys-inc-boosts-outlook\/1719\/"},"modified":"2010-11-11T13:12:00","modified_gmt":"2010-11-11T13:12:00","slug":"macys-inc-boosts-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/macys-inc-boosts-outlook\/1731\/","title":{"rendered":"Macy\u2019s Inc. Boosts Outlook"},"content":{"rendered":"

Macy\u2019s Inc<\/strong>. (NYSE<\/a>:M<\/strong><\/a>) has announced its results for the third quarter of the year. The company reported that its saw growth in its Bloomingdale\u2019s chain. The company has 41 Bloomingdale stores. The company reported its earnings for the quarter at 2 cents per share. The company\u2019s total earnings stood at $10 million. The company had suffered a loss of 8 cents per share or $35 million during the same quarter of the last year.<\/p>\n

* Macy\u2019s Inc. reported 6.6 percent increase in its revenue.
\n* The company\u2019s revenue for the quarter stood at $5.6 billion.<\/p>\n

Macy\u2019s Inc. said that its revenue from stores opened at least a year grew by 3.9 percent. The company has said that its earnings for the full year are likely to be in the range of $1.94 and $1.99 per share. The company had earlier provided the forecast in the range of $1.89 and $1.94 per share. The analysts had pegged their expectations at $1.96 per share.<\/p>\n

Macy\u2019s Inc. has also announced increase in forecast for the revenue at stores open at least a year. The company expects revenue growth at such stores to be in the range of 3.3 percent and 4 percent.<\/p>\n

<\/span>
\nKey Financial Stats<\/p>\n

Valuation<\/p>\n

* Price\/Earnings(TTM)17.80
\n* Price\/Cash Flow6.10
\n* Price\/Sales (TTM)0.44
\n* Price\/Book2.18<\/p>\n

Financial Strength<\/p>\n

* Quick Ratio (MRQ)0.30
\n* Current Ratio (MRQ)1.40
\n* LT Debt to Equity (MRQ)1.53
\n* Total Debt to Capital (MRQ)1.66
\n* Return on Equity12.30<\/p>\n

Assets<\/p>\n

* Asset Turnover1.20
\n* Asset per Employee42745.34
\n* Inventory Turnover2.80<\/p>\n

Per Share Data<\/p>\n

* Earnings (TTM)1.42
\n* Current P\/E Ratio1.40
\n* Cash Flow4.16
\n* Annual Dividend0.20
\n* Book Value11.56
\n* EBITDA6.20<\/p>\n

Profitability<\/p>\n

* Market Cap1.42
\n* Gross Margin (TTM)45.70
\n* Operating Margin (TTM)6.20
\n* Profit Margin (TTM) 2.50<\/p>\n

Management Effectiveness<\/p>\n

* Return on Equity (TTM)12.30%
\n* Return on Assets (TTM)2.90%
\n* Return on Investment (TTM)4.90%<\/p>\n

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