Wall Street analysts expect Guess?, Inc. (NYSE:GES) to post earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Guess?’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.16. Guess? posted earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is expected to issue its next quarterly earnings report on Tuesday, November 20th.
On average, analysts expect that Guess? will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.06. For the next fiscal year, analysts forecast that the company will post earnings of $1.38 per share, with EPS estimates ranging from $1.30 to $1.46. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Guess?.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $645.87 million for the quarter, compared to analyst estimates of $650.61 million. Guess? had a return on equity of 8.15% and a net margin of 0.10%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS.
GES has been the topic of several recent research reports. Telsey Advisory Group raised their price target on Guess? from $25.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, May 31st. Zacks Investment Research upgraded Guess? from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 31st. TheStreet upgraded Guess? from a “c+” rating to a “b” rating in a research report on Thursday, August 30th. Finally, ValuEngine lowered Guess? from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Guess? currently has a consensus rating of “Buy” and a consensus target price of $22.80.
Shares of Guess? stock traded down $0.77 during trading on Monday, hitting $22.18. 1,180,737 shares of the stock traded hands, compared to its average volume of 1,208,151. The company has a current ratio of 2.24, a quick ratio of 1.39 and a debt-to-equity ratio of 0.04. Guess? has a 52 week low of $14.17 and a 52 week high of $26.95. The firm has a market capitalization of $1.86 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 1.27 and a beta of 0.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, September 12th will be given a $0.225 dividend. The ex-dividend date is Tuesday, September 11th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.06%. Guess?’s dividend payout ratio is currently 128.57%.
In other Guess? news, Director Gianluca Bolla acquired 2,832 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $73,632.00. Following the transaction, the director now owns 63,936 shares in the company, valued at $1,662,336. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 31.30% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. grew its position in shares of Guess? by 19.5% in the 2nd quarter. Macquarie Group Ltd. now owns 14,700 shares of the company’s stock worth $315,000 after buying an additional 2,400 shares during the last quarter. Federated Investors Inc. PA grew its position in shares of Guess? by 99.8% in the 2nd quarter. Federated Investors Inc. PA now owns 7,725 shares of the company’s stock worth $165,000 after buying an additional 3,859 shares during the last quarter. Swiss National Bank grew its position in shares of Guess? by 4.2% in the 1st quarter. Swiss National Bank now owns 108,700 shares of the company’s stock worth $2,254,000 after buying an additional 4,400 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Guess? by 5.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,458 shares of the company’s stock worth $1,709,000 after buying an additional 4,450 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Guess? by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 454,045 shares of the company’s stock worth $9,417,000 after buying an additional 5,421 shares during the last quarter. Hedge funds and other institutional investors own 70.50% of the company’s stock.
Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.
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