Analysts expect that G-III Apparel Group, Ltd. (NASDAQ:GIII) will post $1.82 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for G-III Apparel Group’s earnings. G-III Apparel Group posted earnings of $1.67 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, December 4th.
According to Zacks, analysts expect that G-III Apparel Group will report full year earnings of $2.61 per share for the current year, with EPS estimates ranging from $2.57 to $2.62. For the next year, analysts anticipate that the company will post earnings of $2.93 per share, with EPS estimates ranging from $2.76 to $3.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover G-III Apparel Group.
G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, September 6th. The textile maker reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.19. G-III Apparel Group had a net margin of 3.39% and a return on equity of 10.67%. The firm had revenue of $624.70 million for the quarter, compared to the consensus estimate of $590.16 million. During the same period in the previous year, the firm posted ($0.15) EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis.
Shares of G-III Apparel Group stock traded down $1.33 during trading hours on Monday, reaching $40.23. The company’s stock had a trading volume of 1,057,075 shares, compared to its average volume of 642,481. G-III Apparel Group has a one year low of $23.19 and a one year high of $51.20. The company has a quick ratio of 0.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.37 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.23 and a beta of 0.08.
In related news, Director Bokhorst Willem Van sold 9,323 shares of the company’s stock in a transaction dated Friday, July 13th. The shares were sold at an average price of $44.04, for a total transaction of $410,584.92. Following the transaction, the director now directly owns 45,451 shares in the company, valued at approximately $2,001,662.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.80% of the company’s stock.
Large investors have recently modified their holdings of the stock. Nvwm LLC purchased a new stake in G-III Apparel Group in the 1st quarter valued at about $121,000. SG Americas Securities LLC purchased a new stake in G-III Apparel Group in the 1st quarter valued at about $172,000. Acadian Asset Management LLC purchased a new stake in G-III Apparel Group in the 2nd quarter valued at about $193,000. Everence Capital Management Inc. purchased a new stake in G-III Apparel Group in the 2nd quarter valued at about $227,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in G-III Apparel Group in the 1st quarter valued at about $246,000.
About G-III Apparel Group
G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.
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