Michaels Companies (MIK) to Release Quarterly Earnings on Thursday

Michaels Companies (NASDAQ:MIK) is set to post its quarterly earnings results before the market opens on Thursday, December 6th. Analysts expect Michaels Companies to post earnings of $0.44 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

MIK opened at $16.42 on Wednesday. The company has a market capitalization of $2.91 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.04. Michaels Companies has a 12-month low of $14.82 and a 12-month high of $27.87.

A number of equities analysts recently issued reports on the stock. Credit Suisse Group reissued a “buy” rating on shares of Michaels Companies in a report on Thursday, August 9th. Deutsche Bank dropped their price objective on shares of Michaels Companies from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, August 31st. BidaskClub raised shares of Michaels Companies from a “hold” rating to a “buy” rating in a report on Saturday, October 13th. Wells Fargo & Co reissued a “hold” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Michaels Companies in a report on Thursday, August 30th. Finally, Zacks Investment Research downgraded shares of Michaels Companies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.22.

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Michaels Companies Company Profile

The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.

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Earnings History for Michaels Companies (NASDAQ:MIK)

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