Guess? (NYSE:GES) Updates FY20 Earnings Guidance

Guess? (NYSE:GES) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.28-1.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.26. The company issued revenue guidance of $2.69-2.70 billion, compared to the consensus revenue estimate of $2.72 billion.Guess? also updated its FY 2020 guidance to $1.28-1.36 EPS.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Guess? from a strong sell rating to a hold rating in a report on Tuesday, May 21st. ValuEngine downgraded Guess? from a hold rating to a sell rating in a report on Monday, May 20th. Finally, B. Riley set a $29.00 target price on Guess? and gave the company a buy rating in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $23.50.

Shares of NYSE GES traded up $1.04 during mid-day trading on Wednesday, hitting $15.04. 2,888,336 shares of the stock traded hands, compared to its average volume of 1,681,390. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.42 and a quick ratio of 0.68. Guess? has a twelve month low of $13.34 and a twelve month high of $26.95. The company has a market cap of $1.03 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.65 and a beta of 0.41. The firm has a 50 day simple moving average of $15.85 and a two-hundred day simple moving average of $17.86.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.09. Guess? had a return on equity of 10.10% and a net margin of 0.53%. The company had revenue of $683.22 million for the quarter, compared to the consensus estimate of $673.78 million. During the same quarter last year, the business posted $0.36 EPS. Guess?’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Guess? will post 1.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.1125 per share. This is an increase from Guess?’s previous quarterly dividend of $0.11. This represents a $0.45 annualized dividend and a dividend yield of 2.99%. Guess?’s dividend payout ratio (DPR) is 45.92%.

In other news, CEO Carlos Alberini acquired 347,353 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average price of $14.32 per share, with a total value of $4,974,094.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gianluca Bolla acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the acquisition, the director now owns 85,552 shares in the company, valued at $1,260,180.96. The disclosure for this purchase can be found here. Company insiders own 34.90% of the company’s stock.

Guess? Company Profile

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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Earnings History and Estimates for Guess? (NYSE:GES)

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