$0.42 EPS Expected for Michaels Companies Inc (MIK)

November 21, 2017 - By Ellis Scott

 $0.42 EPS Expected for Michaels Companies Inc (MIK)
Investors sentiment increased to 1.81 in 2017 Q2. Its up 0.32, from 1.49 in 2017Q1. It improved, 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.
Old Mutual Global Invsts (Uk) Ltd, United Kingdom-based fund reported 64,424 shares. The New York-based Interest has invested 0.01% in Michaels Companies Inc (NASDAQ:MIK). Ing Groep Nv holds 0% in Michaels Companies Inc (NASDAQ:MIK) or 12,868 shares. United Capital Advisers Llc owns 54,856 shares. First Quadrant L P Ca holds 1.22M shares. State Common Retirement Fund reported 0.01% in Michaels Companies Inc (NASDAQ:MIK). First Mercantile Trust Co reported 14,220 shares or 0.05% of all its holdings. Cornerstone Inc reported 1,494 shares or 0.02% of all its holdings. 35,070 are owned by Hsbc Holding Plc. Ancora Advsr Ltd reported 289,950 shares. Bancshares Of America Corporation De holds 0.01% of its portfolio in Michaels Companies Inc (NASDAQ:MIK) for 1.56M shares. Ftb Inc owns 1,225 shares. Blackstone Gp Lp holds 20.39M shares or 3.35% of its portfolio. Voya Investment Mngmt Limited Liability owns 0% invested in Michaels Companies Inc (NASDAQ:MIK) for 41,723 shares. Cipher Cap Limited Partnership holds 52,211 shares.

Analysts await Michaels Companies Inc (NASDAQ:MIK) to report earnings on December, 5. They expect $0.42 earnings per share, up 5.00 % or $0.02 from last year’s $0.4 per share. MIK’s profit will be $76.08 million for 11.37 P/E if the $0.42 EPS becomes a reality. After $0.19 actual earnings per share reported by Michaels Companies Inc for the previous quarter, Wall Street now forecasts 121.05 % EPS growth. About 787,202 shares traded. Michaels Companies Inc (NASDAQ:MIK) has declined 29.62% since November 21, 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. JP Morgan upgraded the shares of MIK in report on Monday, July 24 to “Overweight” rating. The firm has “Neutral” rating given on Friday, December 4 by Macquarie Research. The stock of Michaels Companies Inc (NASDAQ:MIK) has “Outperform” rating given on Tuesday, September 6 by Credit Suisse. Raymond James downgraded the shares of MIK in report on Wednesday, December 7 to “Market Perform” rating. The stock has “Underweight” rating by PiperJaffray on Friday, October 27. The rating was maintained by Suntrust Robinson on Tuesday, August 25 with “Buy”. As per Friday, November 4, the company rating was downgraded by Bank of America. Morgan Stanley downgraded Michaels Companies Inc (NASDAQ:MIK) rating on Monday, March 7. Morgan Stanley has “Equal-Weight” rating and $25 target. The rating was maintained by SunTrust on Monday, October 16 with “Buy”. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, January 17.

The Michaels Companies, Inc. is an arts and crafts specialty retailer in North America. The company has market cap of $3.46 billion. The Company’s divisions include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. It has a 10.09 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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