Men’s Wearhouse Inc. (MW) Issues FY14 Earnings Guidance
Men’s Wearhouse Inc. (NYSE:MW) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.77, AnalystRatingsNetwork reports.
Men’s Wearhouse Inc. (NYSE:MW) traded down 0.62% during mid-day trading on Wednesday, hitting $38.77. The stock had a trading volume of 877,707 shares. Men’s Wearhouse Inc. has a one year low of $27.42 and a one year high of $41.03. The stock’s 50-day moving average is $38.96 and its 200-day moving average is $35.59. The company has a market cap of $1.951 billion and a price-to-earnings ratio of 14.55.
Men’s Wearhouse (NYSE:MW) last released its earnings data on Wednesday, September 11th. The company reported $1.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.14 by $0.13. The company had revenue of $647.00 million for the quarter, compared to the consensus estimate of $671.00 million. During the same quarter last year, the company posted $1.15 earnings per share. Men’s Wearhouse’s revenue was down 2.3% compared to the same quarter last year. Analysts expect that Men’s Wearhouse Inc. will post $2.77 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a buy rating on shares of Men’s Wearhouse (NYSE:MW) in a research note to investors on Tuesday, July 23rd. They now have a $40.00 price target on the stock. On a related note, analysts at Wedbush raised their price target on shares of Men’s Wearhouse (NYSE:MW) from $36.00 to $43.00 in a research note to investors on Tuesday, July 23rd. They now have a neutral rating on the stock.
The Men’s Wearhouse, Inc is a specialty retailer of men’s suits and a provider of tuxedo rental product in the United States and Canada.
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