Tailored Brands (NYSE:TLRD) Releases Q4 2019 After-Hours Earnings Guidance

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Tailored Brands (NYSE:TLRD) updated its fourth quarter 2019
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $-0.55–0.5 for the period, compared to the Thomson Reuters consensus estimate of $-0.36. Tailored Brands also updated its Q4 guidance to (0.55)-(0.50) EPS.

A number of research analysts have issued reports on the company. B. Riley decreased their target price on Tailored Brands from $6.00 to $5.00 and set a neutral rating for the company in a research note on Thursday. ValuEngine raised Tailored Brands from a hold rating to a buy rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research raised Tailored Brands from a hold rating to a buy rating and set a $5.75 target price for the company in a research note on Friday, November 15th.

NYSE:TLRD opened at $4.13 on Friday. Tailored Brands has a 1 year low of $3.70 and a 1 year high of $15.19. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 418.48. The stock has a market cap of $245.62 million, a price-to-earnings ratio of 3.79 and a beta of 1.85. The stock has a 50-day moving average price of $5.07 and a two-hundred day moving average price of $5.09.

Tailored Brands (NYSE:TLRD) last posted its earnings results on Wednesday, December 11th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Tailored Brands had a positive return on equity of 4,661.72% and a negative net margin of 1.36%. The firm had revenue of $729.50 million during the quarter, compared to analysts’ expectations of $715.43 million. During the same period in the previous year, the firm earned $1.01 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Sell-side analysts forecast that Tailored Brands will post 1.07 earnings per share for the current year.

In other news, CEO Dinesh S. Lathi acquired 10,000 shares of Tailored Brands stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $4.92 per share, with a total value of $49,200.00. Following the completion of the transaction, the chief executive officer now directly owns 46,267 shares of the company’s stock, valued at $227,633.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP A Alexander Rhodes acquired 13,369 shares of Tailored Brands stock in a transaction dated Thursday, October 10th. The shares were purchased at an average cost of $3.87 per share, with a total value of $51,738.03. Following the completion of the transaction, the executive vice president now directly owns 56,255 shares of the company’s stock, valued at $217,706.85. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 69,369 shares of company stock valued at $291,598. Insiders own 2.60% of the company’s stock.

About Tailored Brands

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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Earnings History and Estimates for Tailored Brands (NYSE:TLRD)

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