Guess? (NYSE:GES) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.15-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $618-624 million, compared to the consensus revenue estimate of $626.96 million.Guess? also updated its FY 2020 guidance to $1.28-1.36 EPS.
GES stock opened at $18.12 on Friday. The company’s 50 day moving average price is $15.91 and its 200 day moving average price is $17.85. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.68 and a current ratio of 1.42. Guess? has a fifty-two week low of $13.34 and a fifty-two week high of $26.95. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.63 and a beta of 0.41.
Guess? (NYSE:GES) last released its earnings results on Wednesday, August 28th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. Guess? had a net margin of 0.53% and a return on equity of 10.10%. The firm had revenue of $683.22 million for the quarter, compared to analyst estimates of $673.78 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Guess? will post 1.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Guess?’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, September 10th. Guess?’s dividend payout ratio is presently 45.92%.
GES has been the topic of a number of recent research reports. ValuEngine upgraded shares of Guess? from a sell rating to a hold rating in a research note on Friday. B. Riley upped their target price on shares of Guess? from $24.00 to $25.00 and gave the stock a buy rating in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Guess? from a strong sell rating to a hold rating in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $22.50.
In related news, Director Gianluca Bolla purchased 10,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $14.73 per share, for a total transaction of $147,300.00. Following the completion of the purchase, the director now directly owns 85,552 shares of the company’s stock, valued at approximately $1,260,180.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carlos Alberini purchased 347,353 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was bought at an average price of $14.32 per share, for a total transaction of $4,974,094.96. The disclosure for this purchase can be found here. Corporate insiders own 34.90% 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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