YETI (YETI) Scheduled to Post Quarterly Earnings on Thursday

Posted by on May 4th, 2023

YETI (NYSE:YETI – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, May 11th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. YETI has set its FY 2023 guidance at $2.12-$2.23 EPS and its FY23 guidance at $2.12-2.23 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

YETI (NYSE:YETI – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $486.41 million for the quarter, compared to analysts’ expectations of $491.03 million. YETI had a return on equity of 38.14% and a net margin of 5.62%. 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 1.7 %

Shares of NYSE:YETI opened at $42.71 on Thursday. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 1.48 and a beta of 2.49. The company has a quick ratio of 0.85, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. YETI has a 12-month low of $27.86 and a 12-month high of $55.15. The business’s 50 day moving average is $38.92 and its 200 day moving average is $40.08.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Roth Capital reissued a “neutral” rating on shares of YETI in a research report on Wednesday, February 22nd. Canaccord Genuity Group reduced their target price on YETI from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Raymond James reduced their target price on YETI from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, February 24th. Piper Sandler cut their price objective on YETI from $57.00 to $55.00 in a report on Friday, February 17th. Finally, Cowen cut YETI from an “outperform” rating to a “market perform” rating and set a $47.00 target price for the company. in a report on Wednesday, January 18th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in YETI. Global Wealth Management Investment Advisory Inc. raised its stake in YETI by 67.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after buying an additional 300 shares during the last quarter. First Manhattan Co. purchased a new position in YETI during the fourth quarter valued at $50,000. State of Wyoming raised its stake in YETI by 37.2% during the fourth quarter. State of Wyoming now owns 1,255 shares of the company’s stock valued at $52,000 after buying an additional 340 shares during the last quarter. Covestor Ltd raised its stake in YETI by 128.9% during the first quarter. Covestor Ltd now owns 1,751 shares of the company’s stock valued at $105,000 after buying an additional 986 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in YETI by 31.1% during the second quarter. Captrust Financial Advisors now owns 2,990 shares of the company’s stock valued at $129,000 after buying an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 94.24% of the company’s stock.

YETI Company Profile

(Get Rating)

YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.

Featured Stories

Earnings History for YETI (NYSE:YETI)

Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.