Macy’s Inc. Boosts Outlook

Macy’s Inc. (NYSE:M) has announced its results for the third quarter of the year. The company reported that its saw growth in its Bloomingdale’s chain. The company has 41 Bloomingdale stores. The company reported its earnings for the quarter at 2 cents per share. The company’s total earnings stood at $10 million. The company had suffered a loss of 8 cents per share or $35 million during the same quarter of the last year.

* Macy’s Inc. reported 6.6 percent increase in its revenue.
* The company’s revenue for the quarter stood at $5.6 billion.

Macy’s Inc. said that its revenue from stores opened at least a year grew by 3.9 percent. The company has said that its earnings for the full year are likely to be in the range of $1.94 and $1.99 per share. The company had earlier provided the forecast in the range of $1.89 and $1.94 per share. The analysts had pegged their expectations at $1.96 per share.

Macy’s Inc. has also announced increase in forecast for the revenue at stores open at least a year. The company expects revenue growth at such stores to be in the range of 3.3 percent and 4 percent.

Key Financial Stats

Valuation

* Price/Earnings(TTM)17.80
* Price/Cash Flow6.10
* Price/Sales (TTM)0.44
* Price/Book2.18

Financial Strength

* Quick Ratio (MRQ)0.30
* Current Ratio (MRQ)1.40
* LT Debt to Equity (MRQ)1.53
* Total Debt to Capital (MRQ)1.66
* Return on Equity12.30

Assets

* Asset Turnover1.20
* Asset per Employee42745.34
* Inventory Turnover2.80

Per Share Data

* Earnings (TTM)1.42
* Current P/E Ratio1.40
* Cash Flow4.16
* Annual Dividend0.20
* Book Value11.56
* EBITDA6.20

Profitability

* Market Cap1.42
* Gross Margin (TTM)45.70
* Operating Margin (TTM)6.20
* Profit Margin (TTM) 2.50

Management Effectiveness

* Return on Equity (TTM)12.30%
* Return on Assets (TTM)2.90%
* Return on Investment (TTM)4.90%