FIGS (FIGS) to Release Quarterly Earnings on Thursday

FIGS (NYSE:FIGS) is set to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect FIGS to post earnings of ($0.01) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $149.09 million. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. On average, analysts expect FIGS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

FIGS Price Performance

FIGS stock opened at $5.00 on Wednesday. The stock has a market cap of $849.55 million, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 19.95 and a beta of 1.41. FIGS has a 1 year low of $4.37 and a 1 year high of $8.84. The firm has a 50-day moving average of $5.05 and a two-hundred day moving average of $5.97.

Insider Activity at FIGS

In related news, CFO Daniella Turenshine sold 15,762 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total transaction of $87,321.48. Following the completion of the sale, the chief financial officer now owns 409,858 shares of the company’s stock, valued at $2,270,613.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 21,787 shares of company stock valued at $122,632 over the last 90 days. Insiders own 22.30% of the company’s stock.

Wall Street Analyst Weigh In

FIGS has been the subject of several research reports. The Goldman Sachs Group lowered their price target on shares of FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Bank of America reaffirmed an “underperform” rating and issued a $4.50 price target (down previously from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price target on shares of FIGS in a research report on Friday, May 3rd. Barclays lowered their price target on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Finally, Oppenheimer cut shares of FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.94.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.