Tiffany & Co. (TIF) Releases Earnings Results, Beats Expectations By $0.09 EPS

Tiffany & Co. (TIF) announced its most recent quarterly financial results on Tuesday, Nov-29-2016. TIF said it had a profit of $0.76 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.67. The company posted revenue of $949.00 million in the period, compared to analysts expectations of $922.52 million. TIF’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on Tiffany & Co.. Tiffany & Co. was Initiated by Guggenheim to “Buy” on Sep 30, 2016. CLSA Initiated Tiffany & Co. on Sep 29, 2016 to “Outperform”, Price Target of the shares are set at $80.

Tiffany & Co. closed down -1.12 points or -1.41% at $78.06 with 7,72,640 shares getting traded on Friday. Post opening the session at $79.28, the shares hit an intraday low of $77.9 and an intraday high of $79.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Nov 17, 2016, Tiffany & Co. announced a cash dividend of $0.4500. The company’s management has announced Dec 16, 2016 as the ex-dividend date and fixed the record date on Dec 20, 2016. The payable date has been fixed on Jan 10, 2017.

In a different news, on Sep 21, 2016, Philippe Galtie (Senior Vice President) sold 482 shares at $72.01 per share price. According to the SEC, on May 23, 2016, Leigh M. Harlan (SENIOR VICE PRESIDENT) sold 70 shares at $63.94 per share price. On Apr 6, 2016, Michael Joseph Kowalski (director) sold 154,750 shares at $72.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Tiffany & Co. is a holding company. The Company operates through its subsidiary companies. The Company’s principal product category is jewelry. The Company also sells timepieces leather goods sterling silver goods (other than jewelry) china crystal stationery fragrances and accessories. Its brands include TIFFANY and TIFFANY & CO. as well as the TIFFANY BLUE BOX. Its segments include Americas Asia-Pacific Japan Europe and Other. It operates e-commerce enabled Websites in 13 countries as well as informational Websites in various additional countries.

Tiffany & Co.

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