Yeti (NYSE:YETI) Releases FY 2020 Pre-Market Earnings Guidance

Yeti (NYSE:YETI) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.34-1.39 for the period, compared to the Thomson Reuters consensus estimate of $1.37. The company issued revenue guidance of $1.033-1.051 billion, compared to the consensus revenue estimate of $1.01 billion.Yeti also updated its FY20 guidance to $1.34-1.39 EPS.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Yeti from a hold rating to a buy rating and set a $37.00 price objective on the stock in a report on Saturday, January 18th. Stifel Nicolaus dropped their price objective on Yeti from $40.00 to $36.00 and set a buy rating on the stock in a report on Thursday, January 30th. ValuEngine cut Yeti from a sell rating to a strong sell rating in a report on Friday, January 10th. Piper Jaffray Companies reissued a buy rating and set a $41.00 price objective on shares of Yeti in a report on Friday, December 27th. Finally, KeyCorp increased their price objective on Yeti from $36.00 to $38.00 and gave the stock an overweight rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Yeti currently has an average rating of Buy and an average target price of $36.77.

Shares of NYSE:YETI traded down $1.35 on Friday, hitting $32.84. The company’s stock had a trading volume of 3,987,950 shares, compared to its average volume of 1,777,943. The company has a 50-day simple moving average of $34.36 and a 200 day simple moving average of $31.48. Yeti has a 1 year low of $21.81 and a 1 year high of $38.61. The company has a market capitalization of $3.07 billion, a PE ratio of 39.10, a PEG ratio of 1.62 and a beta of 2.91. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.65 and a quick ratio of 0.61.

Yeti (NYSE:YETI) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Yeti had a return on equity of 152.95% and a net margin of 8.27%. The firm had revenue of $297.60 million for the quarter, compared to analysts’ expectations of $279.55 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts expect that Yeti will post 1.04 earnings per share for the current fiscal year.

In other Yeti news, SVP Robert O. Murdock sold 25,188 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $36.00, for a total value of $906,768.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kirk A. Zambetti sold 32,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $31.91, for a total value of $1,021,120.00. The disclosure for this sale can be found here. Company insiders own 10.70% of the company’s stock.

About Yeti

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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