Fast Retailing (OTCMKTS:FRCOY) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Fast Retailing (OTCMKTS:FRCOY) released its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05, Zacks reports.

Fast Retailing Price Performance

OTCMKTS:FRCOY opened at $47.20 on Thursday. Fast Retailing has a twelve month low of $29.38 and a twelve month high of $55.65. The company’s 50 day moving average is $45.83 and its two-hundred day moving average is $46.88.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FRCOY shares. Erste Group Bank cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Zacks Research downgraded Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese apparel company and retail holding group best known for its UNIQLO brand. The company develops, manufactures, and sells casual clothing and accessories, including everyday apparel, outerwear, sportswear, innerwear, and lifestyle products for men, women, and children.

Fast Retailing’s portfolio also includes brands such as GU, Theory, PLST, and Helmut Lang, along with other apparel businesses. UNIQLO is the group’s principal brand and operates stores and e-commerce businesses across Japan and international markets, including other parts of Asia, North America, Europe, and Oceania.

The company traces its origins to a menswear store established in Ube, Japan, in 1949 and adopted the Fast Retailing name in 1991.