Tiffany & Co. (TIF) shares are down $2.37 to $84.00 in pre-market trading Friday after the company reported its fourth quarter earnings results.
The luxury jeweler reported earnings of $1.51 per share on revenues of $1.29 billion, down 1.0% from a year ago. Analysts were expecting EPS of $1.51 on revenues of $1.30 billion.
For the full-year 2014, the company reported net earnings of $484.2 million, or $3.73 per share, compared with $181 million, or $1.41/shr, in the prior year. Revenue was reported as $4.25 billion.
For Q1/15, Tiffany & Co. provided EPS guidance of $0.68 versus consensus of $0.91 per share. For the fiscal year ending January 31, 2016, the company is forecasting $4.44 in net EPS, a minimal growth from the $4.20 (excluding charges) earned in fiscal 2014.
On valuation measures, Tiffany & Co. shares, which currently have an average 3-month trading volume of 1.55 million shares, trade at a trailing-12 P/E of 60.40, a forward P/E of 19.41 and a P/E to growth ratio of 1.78. The median Wall Street price target on the name is $102.91 with a high target of $125.00. Currently ticker boasts 12 ‘Buy’ endorsements, compared to 13 ’Holds’ and no ‘Sell’.
Profitability-wise, TIF has a t-12 profit and operating margin of 4.33% and 21.11%, respectively. The $11.17 billion market cap company reported $731 million in cash vs. $1.1 billion in debt in its most recent quarter.
TIF currently prints a one year loss of 5.44% and a year-to-date loss of around 19%.
Tiffany & Co. designs, manufactures, and retails jewelry worldwide. The company was founded in 1837 and is headquartered in New York.