Macy’s, Inc. M will release its first-quarter earnings results before the opening bell on Wednesday, May 28.
Analysts expect the New York-based company to report quarterly earnings at 15 cents per share, down from 27 cents per share in the year-ago period. According to data from Benzinga Pro, Macy’s projects to report quarterly revenue at $4.43 billion, compared to $4.85 billion a year earlier.
On May 16, the company's board of directors declared a regular quarterly dividend of 18.24 cents per share.
Macy’s shares rose 4.1% to close at $12.04 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Morgan Stanley Alex Straton maintained an Equal-Weight rating and slashed the price target from $14 to $12 on May 6, 2025. This analyst has an accuracy rate of 68%.
- Goldman Sachs analyst Brooke Roach downgraded the stock from Buy to Neutral and cut the price target from $17 to $12 on April 22, 2025. This analyst has an accuracy rate of 65%.
- Citigroup analyst Paul Lejuez maintained a Neutral rating and cut the price target from $14 to $11 on April 17, 2025. This analyst has an accuracy rate of 65%.
- JP Morgan analyst Matthew Boss maintained a Neutral rating and lowered the price target from $14 to $13 on April 14, 2025. This analyst has an accuracy rate of 68%.
- Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a price target of $15 on April 2, 2025. This analyst has an accuracy rate of 61%
Considering buying M stock? Here’s what analysts think:
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