Guess? (NYSE:GES – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01), Briefing.com reports. The business had revenue of $732.60 million during the quarter, compared to the consensus estimate of $729.96 million. Guess? had a return on equity of 26.92% and a net margin of 7.97%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS.
Guess? Trading Up 1.9 %
Shares of NYSE GES traded up $0.38 during midday trading on Friday, hitting $20.89. The company’s stock had a trading volume of 295,392 shares, compared to its average volume of 1,217,214. Guess? has a 12-month low of $19.58 and a 12-month high of $33.50. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 0.92. The firm has a market cap of $1.12 billion, a P/E ratio of 6.22 and a beta of 1.91. The business’s 50 day moving average is $21.85 and its two-hundred day moving average is $24.48.
Guess? Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.74%. Guess?’s dividend payout ratio is 35.82%.
Institutional Trading of Guess?
Analysts Set New Price Targets
Several brokerages have weighed in on GES. UBS Group reduced their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday. Telsey Advisory Group cut their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, StockNews.com downgraded Guess? from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Guess? has a consensus rating of “Hold” and an average target price of $27.25.
Read Our Latest Stock Report on Guess?
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.
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