Earnings Forecast Research on The Michaels Companies, Inc. (MIK)

The Michaels Companies, Inc. has received $0.95 as the consensus Earnings Estimate for the Quarter ending on Jan 2017 ,According to the estimate provided by 7 Financial Advisor in the Stock Trading Firms. Among 7 Analysts, Bottom line EPS Estimate for the current quarter is $0.94 while the top line estimate is $0.95 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 8.87%.

The Michaels Companies, Inc. results fell short with a surprise EPS of -6.98% or $-0.03. The Actual EPS was $0.4 compared to the Estimated EPS of $0.43 during its most recent quarterly earnings.

The Michaels Companies, Inc. has a Price to Earnings ratio of 10.75 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is . For the Most Recent Fiscal Year, The Michaels Companies, Inc. has a price to cash ratio of 8.47. For the Trailing twelve month period, company showed a Net Profit Margin of 7.15% and Return on Equity of the stock is -22.27%.

In the last quarter, The Michaels Companies, Inc. reported Annual Earnings of $0.4. Based on the filings, last years Annual Earnings was, $1.72. In the last Quarter, MIK reported a surprise Earnings per Share of -6.98% . The consensus estimate for current quarter is $0.95 and for the current fiscal year, the estimate is $1.88. For the Next fiscal year, the estimate is $2.06 based on the consensus.

The Michaels Companies, Inc. (NASDAQ:MIK) : On Tuesday heightened volatility was witnessed in The Michaels Companies, Inc. (NASDAQ:MIK) which led to swings in the share price. The stock opened for trading at $19.25 and hit $19.745 on the upside , eventually ending the session at $19.67, with a gain of 1.65% or 0.32 points. The heightened volatility saw the trading volume jump to 2,316,690 shares. The 52-week high of the share price is $31.365 and the company has a market cap of $3,961 million. The 52-week low of the share price is at $19 .

The Michaels Companies, Inc. is a specialty retailer of arts and crafts. The Companys stores offer stock-keeping units in arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings, and childrens hobbies. It produces 11 exclusive private brands including Recollections(R), Studio Decor(R), Bead Landing(R), Creatology(R), Ashland(R), Celebrate It(R), Art Minds(R), Artists Loft(R), Craft Smart(R), Loops & Threads(R) and Imagin8(R). The Michaels Companies, Inc. is based in Irving, Texas.


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