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yesterday

Macy’s Q2 Preview Points to Lower Profit as Dividend Draws Investor Focus

A newly declared dividend keeps income investors engaged ahead of a forecast for $0.19 EPS on $4.7 billion in revenue.

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FILE - Macy's sign is displayed in Mount Prospect, Ill., Thursday, July 17, 2025. (AP Photo/Nam Y. Huh, File)
The outside of Macy's flagship department store is seen in the midtown area of New York City, U.S., November 26, 2024. REUTERS/Shannon Stapleton/File Photo

Overview

  • Macy’s reports second-quarter results before the opening bell on Wednesday, Sept. 3.
  • Consensus calls for earnings of $0.19 per share versus $0.53 a year ago and revenue near $4.7 billion versus $4.94 billion.
  • The board declared a regular quarterly dividend of 18.24 cents per share on Aug. 22, implying a yield near 5.5% at recent prices.
  • Illustrative income math shows about 8,333 shares (roughly $110,245) would target $500 per month in dividends, while 1,666 shares (about $22,041) would target $100, subject to payout and price changes.
  • Analyst views are mixed with Telsey at Market Perform and a $14 target, JPMorgan Neutral at $16, and Goldman Neutral at $12, while shares rose 2% to $13.49 on Tuesday.