Guess? (NYSE:GES – Get Free Report) 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.
Check Out Our Latest Research Report on Guess?
Guess? Trading Down 4.6 %
Guess? (NYSE:GES – Get Free Report) 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.
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