Home / Street Sector / Active Broker’s Concerns In Focus: The Gap, Inc. (NYSE:GPS), Oil-Dri Corp. of America (NYSE:ODC)

Active Broker’s Concerns In Focus: The Gap, Inc. (NYSE:GPS), Oil-Dri Corp. of America (NYSE:ODC)

The Gap, Inc. (NYSE:GPS) to close at $26.25 by jumping up 15.23% with session volume was recorded 31.83 Million. Gap Inc. (GPS) revealed that its September same sales down 3 percent versus a 1 percent decrease previous year. The firm estimated that the fire which occurred in a building on its Fishkill, New York distribution center campus negatively impacted Gap Inc.’s September 2016 same sales by about 3 percentage points.

Same sales surged 4% at Old Navy Global, while declining 10% at Gap Global and 9% at Banana Republic Global. Net sales for the five-week period ended October 1, 2016 reduced 2 percent to $1.43 billion compared with net sales of $1.46 billion for the five-week period ended October 3, 2015. As concerns of stock price volatility, it was 4.12% for a week and 2.75% for a month.

How The Gap, Inc. surprised investors through its Earnings guidance? Find Out Here Totally Free

Oil-Dri Corp. of America (NYSE:ODC) moving in diverse range of trends as shares traded at $34.05 with inches down of -0.61%. Oil-Dri Corporation of America (NYSE: ODC) reported net income for the fourth quarter of fiscal 2016 of $5,261,000 or $0.72 of earnings per diluted share. This compared to net income of $5,066,000 or $0.71 of earnings per diluted share in the same quarter of the previous year. Net sales of $64,916,000 in the quarter reduced by 1% compared to net sales of $65,519,000 in the same quarter of the previous year.

Net income for the fiscal year of $13,613,000 or $1.87 of earnings per diluted share was an 18% raise compared to net income of $11,368,000 or $1.59 of earnings per diluted share in the previous year. Net sales in fiscal 2016 were $262,313,000, which was higher than the net sales of $261,402,000 reported in fiscal 2015. To knowledge the question of growth, it has yearly sales growth for the past five year of 3.00%. While past twelve months price to sales ratio recorded as 0.95 and price to cash ratio remained 8.63.

Can Oil-Dri Corp. of America turn tables following this earnings announcement? Find Inside Facts Here

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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