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  • Tiffany (TIF): What To Expect On Earnings 0 comments
    May 27, 2013 2:16 PM | about stocks: TIF

    Tiffany & Co. (NYSE:TIF) will announce their first quarter earnings forecast on Tuesday morning. Analysts expect the jewelery store to report an EPS of 53 cents on $855.8 million. In the last few days, Tiffany's has recently upped the quarterly dividend by 6.3%. It was previously at 32 cents a share and now it is at 34 cents. Tiffany's did this in hopes that the company would look more enticing for investors.

    Earlier this month Institutional Insider reported analyst Paul Lejuez from Wells Fargo downgraded Tiffany's to market perform from out perform. Last month Daniela Nedialkova from Atlantic Equities also downgraded Tiffany & Company to neutral from overweight.

    Although the company has been downgraded, this is not necessary a bad thing for the company that has struggled in the past. The company saw their stock plummet as competitors offered the same quality jewelry at significantly lower prices. Once the economic rescission hit, people did not spend as lavishly as they once did which also hurt the company's revenue. With a stronger dollar and the economy getting back on track, Tiffany's could very well rebound on Tuesday.

    An American jewelry company that is known for their elegant and lavish jewelry, Tiffany's was founded in 1837 and has been a respected company ever since. With headquarters on Fifth Avenue in New York City, Tiffany's oozes elegance. They are known for their beautiful and sparkling diamonds as well as their engagement rings.

    Volatility on earnings will be heightened due to the tremendous profit increase seen by jewelry competitor Zales (NYSE:ZLC). The street has recently upgraded the stock to a buy.

    Stocks: TIF
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