Macy's (M) Tops Q2 EPS by $1.16, Guidance Beats
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'Risk/Reward Too Hard to Ignore': Macy's (M) Upgraded to 'Neutral' at JPMorgan
August 20, 2021 9:20 AM EDTShares of Macys (NYSE: M) exploded yesterday after the company as earnings smashed estimates.
Macys reported EPS of $1.29 per share on an adjusted basis to obliterate $0.19 per share expected from market analysts. Revenue for the quarter came in at $5.65 billion to again top the $5.01 billion expected.
Second quarter results were strong across all three nameplates and surpassed our expectations. Our momentum in the first quarter accelerated in the second quarter as we successfully reengaged core customers and attracted new, younger customers with new brands and categories, said Jeff Gennette, chairman and... More
Macy's (M) Extends Gain, Up 15%
August 19, 2021 10:17 AM EDTMacy's (NYSE: M) Extends Gain, Up 15%
Macy's (M) Reinstates $0.15 Quarterly Dividend; Approves $500M Buyback Plan
August 19, 2021 6:59 AM EDTMacy's (NYSE: M) reinstated a quarterly dividend of $0.15 per share, or $0.6 annualized.
The dividend will be payable on October 1, 2021, to stockholders of record on September 15, 2021, with an ex-dividend date of September 14, 2021.
The annual yield on the dividend is 3.3 percent.
The... More
