Fast Retailing (OTCMKTS:FRCOY – Get Free Report) announced its earnings results on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05, Zacks reports. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.77 billion.
Fast Retailing Trading Down 3.6%
Fast Retailing stock opened at $45.50 on Friday. Fast Retailing has a 12 month low of $32.44 and a 12 month high of $55.65. The stock has a 50-day moving average price of $45.71 and a two-hundred day moving average price of $46.93.
Analyst Upgrades and Downgrades
Several analysts have weighed in on FRCOY shares. Erste Group Bank cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Zacks Research cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Fast Retailing presently has a consensus rating of “Hold”.
About Fast Retailing
Fast Retailing Co, Ltd. is a Japanese apparel company and retail holding group best known for its UNIQLO brand. The company develops, manufactures, and sells casual clothing and accessories, including everyday apparel, outerwear, sportswear, innerwear, and lifestyle products for men, women, and children.
Fast Retailing’s portfolio also includes brands such as GU, Theory, PLST, and Helmut Lang, along with other apparel businesses. UNIQLO is the group’s principal brand and operates stores and e-commerce businesses across Japan and international markets, including other parts of Asia, North America, Europe, and Oceania.
The company traces its origins to a menswear store established in Ube, Japan, in 1949 and adopted the Fast Retailing name in 1991.
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