EPS for Michaels Companies Inc (MIK) Expected At $0.42

November 15, 2017 - By Marguerite Chambers

 EPS for Michaels Companies Inc (MIK) Expected At $0.42
Investors sentiment increased to 1.81 in 2017 Q2. Its up 0.32, from 1.49 in 2017Q1. It increased, as 25 investors sold Michaels Companies Inc shares while 52 reduced holdings. 46 funds opened positions while 93 raised stakes. 190.43 million shares or 0.89% less from 192.13 million shares in 2017Q1 were reported.
Td Asset Mgmt stated it has 0.01% in Michaels Companies Inc (NASDAQ:MIK). Employees Retirement Systems Of Ohio holds 0% or 45,874 shares. Blair William & Com Il owns 36,547 shares. D E Shaw & Company Incorporated owns 0.04% invested in Michaels Companies Inc (NASDAQ:MIK) for 1.34M shares. Strs Ohio owns 250,000 shares. Pnc Svcs Gp stated it has 5,256 shares. Delaware-based Dupont Cap Management has invested 0.05% in Michaels Companies Inc (NASDAQ:MIK). Balyasny Asset Mgmt Ltd Liability holds 0% or 52,968 shares. Bank & Trust Of Montreal Can has invested 0.02% in Michaels Companies Inc (NASDAQ:MIK). Aqr Management Limited Liability Co stated it has 225,812 shares. 1.31 million were accumulated by Invesco Ltd. Gsa Prtn Llp invested in 47,204 shares. Prudential accumulated 1.34 million shares or 0.04% of the stock. State Of Wisconsin Invest Board reported 0% stake. Weaver C Barksdale & Assocs reported 0.03% of its portfolio in Michaels Companies Inc (NASDAQ:MIK).

Investors wait Michaels Companies Inc (NASDAQ:MIK) to report on December, 5. its quarterly earnings Wall Street analysts expect $0.42 earnings per share, up $0.02 or 5.00 % from last year’s $0.4 same quarter earnings. This translates into $76.11 million profit for MIK giving the stock a 10.84 P/E. This is assuming the current $0.42 EPS is accurate. Michaels Companies Inc’s Wall Street analysts see 121.05 % EPS growth, taking into account the $0.19 EPS reproted in the previous quarter, The stock decreased 1.94% or $0.36 during the last trading session, reaching $18.21. About 1.56M shares traded. Michaels Companies Inc (NASDAQ:MIK) has declined 29.62% since November 15, 2016 and is downtrending. It has underperformed by 46.32% the S&P500.

Michaels Companies Inc (NASDAQ:MIK) Ratings Coverage

Among 14 analysts covering Michaels Companies Inc (NASDAQ:MIK), 8 have Buy rating, 2 Sell and 4 Hold. Therefore 57% are positive. Michaels Companies Inc had 28 analyst reports since August 25, 2015 according to SRatingsIntel. Morgan Stanley upgraded Michaels Companies Inc (NASDAQ:MIK) on Tuesday, January 17 to “Overweight” rating. Suntrust Robinson maintained the stock with “Buy” rating in Tuesday, August 25 report. As per Monday, July 24, the company rating was upgraded by JP Morgan. On Friday, October 27 the stock rating was downgraded by Piper Jaffray to “Sell”. The stock of Michaels Companies Inc (NASDAQ:MIK) earned “Neutral” rating by Bank of America on Friday, November 4. The firm earned “Market Perform” rating on Friday, December 4 by Telsey Advisory Group. The firm has “Buy” rating by SunTrust given on Monday, October 16. The rating was downgraded by PiperJaffray on Friday, October 27 to “Underweight”. The stock has “Buy” rating by Morgan Stanley on Monday, June 12. The firm has “Neutral” rating by Goldman Sachs given on Friday, May 6.

The Michaels Companies, Inc. is an arts and crafts specialty retailer in North America. The company has market cap of $3.30 billion. The Company’s divisions include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. It has a 9.62 P/E ratio. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.

More news for Michaels Companies Inc (NASDAQ:MIK) were recently published by: Businesswire.com, which released: “The Michaels Companies to Report Third Quarter Earnings on November 30, 2017” on November 13, 2017. Businesswire.com‘s article titled: “The Michaels Companies, Inc. Launches New Online Custom Framing Business” and published on October 25, 2017 is yet another important article.

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