Top Wall Street Forecasters Revamp Macy's Expectations Ahead Of Q1 Earnings

Group 1 - Macy's, Inc. is set to release its first-quarter earnings results on May 28, with analysts expecting earnings of 15 cents per share, a decrease from 27 cents per share in the same period last year [1] - The projected quarterly revenue for Macy's is $4.43 billion, down from $4.85 billion a year earlier [1] - The company's board declared a regular quarterly dividend of 18.24 cents per share on May 16 [1] Group 2 - Macy's shares increased by 4.1% to close at $12.04 on Tuesday [2] - Recent analyst ratings show a mix of downgrades and maintained ratings, with Morgan Stanley maintaining an Equal-Weight rating and lowering the price target from $14 to $12 [7] - Goldman Sachs downgraded Macy's from Buy to Neutral, cutting the price target from $17 to $12 [7]