Tiffany & Co. (TIF) : Q415 Earnings Whisper

Tiffany & Co. (TIF) – The Journal’s “Ahead of the Tape” column is out cautious on TIF shares ahead of Friday’s earnings. Tiffany is set to announce its Q415 earnings after the market close tomorrow, March 18. Analysts expect the famed jewelry retailer to report earnings per share of $1.41 and revenue of $1.22 billion. That would be $0.71 higher the $0.70 per share posted last quarter and $0.10 lower the $1.51 posted in the Q414. Revenue is projected to be $80 million lower than the $1.3 billion posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $1.42 per share.

As a quick reminder, Tiffany & Co. reported Q315 EPS of $0.70, $0.05 lower than the Street’s consensus estimate of $0.75. Revs declined 2.27% year-over-year to $938.2 million vs. the $971 million consensus.

TIF today printed a higher than average trading volume with the issue trading 2.85 million shares, compared to the average volume of 1.95 million. The stock began trading this morning at $69.87 to end today’s session 0.34% higher from the prior days close of $70.12. On an intraday basis it got as low as $69.60 and as high as $71.32.

On valuation metrics, Tiffany & Co. shares are priced at 18.30x this year’s forecasted earnings, compared to the industry’s 9.15x earnings multiple. The company’s current year and next year EPS growth estimates stand at (10.00%) and 2.90% compared to the industry growth rates of 7.80% and 17.60%, respectively. TIF has a t-12 price-to-sales ratio of 2.15. EPS for the same period registers at $3.83.

Tiffany shares have advanced 11.13% in the last 4 weeks while declining 4.50% in the past three months. Over the past 5 trading sessions the stock has gained 0.11%. The $8.99 billion New York-based company has a median Street price target of $80.00 with a high target of $115.00.

Tiffany & Co. is down 15.71% year-over-year, compared with a 3.44% loss in the S&P 500.

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