Guess? (NYSE:GES) Issues Q3 Earnings Guidance

Guess? (NYSE:GES) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.33-0.45 for the period, compared to the consensus EPS estimate of $0.60. Guess? also updated its FY25 guidance to $2.42-2.70 EPS.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GES. Telsey Advisory Group reissued a market perform rating and issued a $26.00 price target on shares of Guess? in a research report on Tuesday, August 20th. StockNews.com cut shares of Guess? from a buy rating to a hold rating in a research note on Monday, June 3rd. Finally, UBS Group decreased their price objective on shares of Guess? from $32.00 to $29.00 and set a neutral rating on the stock in a research note on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Guess? currently has a consensus rating of Hold and a consensus price target of $30.25.

Guess? Trading Down 4.6 %

GES stock traded down $0.98 during midday trading on Wednesday, reaching $20.22. The company’s stock had a trading volume of 1,466,497 shares, compared to its average volume of 1,220,070. Guess? has a 52 week low of $19.58 and a 52 week high of $33.50. The stock has a market cap of $1.08 billion, a PE ratio of 6.04 and a beta of 1.91. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 0.92. The business’s 50-day simple moving average is $21.86 and its 200-day simple moving average is $24.54.

Guess? (NYSE:GES) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.13. The firm had revenue of $591.90 million for the quarter, compared to analysts’ expectations of $574.64 million. Guess? had a net margin of 7.97% and a return on equity of 26.92%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts expect that Guess? will post 2.88 EPS for the current year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th were issued a $0.30 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $1.20 annualized dividend and a yield of 5.93%. Guess?’s dividend payout ratio (DPR) is presently 35.82%.

About Guess?

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, activewear, knitwear, and intimate apparel.