Stock Market Watch

Saks Incorporated – Revenues rose 5.1% year on year

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Saks Incorporated (NYSE:SKS). Last Market Price: 10.41, Change: +0.21, % Change: (2.06%). Shares trade in the range of 10.13 – 10.57 dollars. It has a market capitalization of 1.67B dollars, making it a Small Cap Stock and has 160.00M outstanding shares. The company has a beta of 2.55, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 0.43; P/E of 24.12 indicating, the stock to be overvalued or expected increase in company earnings. It operates in Services sector and belongs to Retail (Department and Discount) industry. Percentage shares held by institutional investors is 70%. The company has a 52 week Price range (low – high) of $ 7.67 – 12.97. Average volumes of shares traded daily are 2,920,000. Volume traded in the last session was at 1,560,000, 0.53 times the average volume.

  • Reports Q3 (Oct)
    • EPS of $0.11, better than the estimates
    • Revenues rose 5.1% year on year to $692.3 million
  • States: Our 5.8% comparable store sales increase for the third quarter was achieved in spite of further reductions in our promotional activity. I am especially pleased with our 160 basis point improvement in our third quarter gross margin rate.

For Q3 (Jul ’11), It had a Net profit margin of -1.25%, an Operating margin of -0.57%. Other Key stats and ratios are : Return on average assets of -1.52%, Return on average equity of -2.84%. The organization has an employee strength of 9,804

Consensus Recommendation is a Hold.


Estimate for sales for the Year Ending Jan-11 show a mean of 2,782.28 million dollars, an estimate high of 2,856.00 million dollars and an estimate low of 2,726.40 million dollars.

Estimate for sales for the Year Ending Jan-12 show a mean of 3,002.82 million dollars, an estimate high of 3,028.60 million dollars and an estimate low of 2,983.34 million dollars. A year ago the figures stood at 2,846.51 million dollars.

Estimate for EPS for the Year Ending Jan-11 show a mean of 0.15 dollars, an estimate high of 0.17 dollars and an estimate low of 0.13 dollars.

Estimate for EPS for the Year Ending Jan-12 show a mean of 0.38 dollars, an estimate high of 0.41 dollars and an estimate low of 0.34 dollars. A year ago the figures stood at 0.21 dollars.

Sales for Quarter Ending Jul-11 was estimated at 667.36 million dollars, however the actual sales figure stood at 670.18 million dollars, 2.82 million dollars more than estimates.

Sales for Quarter Ending Apr-11 was estimated at 725.46 million dollars, however the actual sales figure stood at 726.00 million dollars, 0.54 million dollars more than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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