Lands’ End (NASDAQ:LE) Updates Q3 Earnings Guidance

Lands’ End (NASDAQ:LE) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.05-0.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09. The company issued revenue guidance of $345-355 million, compared to the consensus revenue estimate of $356.96 million.Lands’ End also updated its FY 2019 guidance to $0.37-0.52 EPS.

A number of analysts have issued reports on the company. Craig Hallum raised Lands’ End from a hold rating to a buy rating in a research note on Tuesday, June 4th. TheStreet downgraded Lands’ End from a c- rating to a d+ rating in a research note on Monday, August 19th. Finally, BidaskClub downgraded Lands’ End from a sell rating to a strong sell rating in a research note on Thursday, July 4th.

LE traded up $2.76 during trading hours on Thursday, reaching $10.61. 2,045,995 shares of the company’s stock traded hands, compared to its average volume of 207,490. The firm has a 50-day moving average price of $9.40 and a 200 day moving average price of $13.84. Lands’ End has a 52-week low of $7.15 and a 52-week high of $22.85. The company has a quick ratio of 0.53, a current ratio of 2.16 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $233.21 million, a PE ratio of 29.47 and a beta of 1.11.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.11. Lands’ End had a return on equity of 2.39% and a net margin of 0.52%. The company had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $289.54 million. During the same quarter in the previous year, the business earned ($0.16) EPS. Lands’ End’s revenue was down 3.1% compared to the same quarter last year. Equities analysts predict that Lands’ End will post 0.4 EPS for the current fiscal year.

About Lands’ End

Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through U.S. eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, and Retail segments. It offers casual clothing, accessories, footwear, and home products.

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