Destination XL Group Inc. (DXLG) Issues FY14 Earnings Guidance
Destination XL Group Inc. (NASDAQ:DXLG) updated its FY14 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of ($0.13)-($0.11) for the period, compared to the Thomson Reuters consensus estimate of ($0.05), Stock Ratings News reports. The company issued revenue guidance of ~$388.0 million, compared to the consensus revenue estimate of $394.76 million.
Shares of Destination XL Group Inc. (NASDAQ:DXLG) traded down 1.14% during mid-day trading on Friday, hitting $5.38. 250,593 shares of the company’s stock traded hands. Destination XL Group Inc. has a 1-year low of $4.10 and a 1-year high of $7.30. The stock has a 50-day moving average of $6.11 and a 200-day moving average of $6.41. The company’s market cap is $261.3 million.
Destination XL Group (NASDAQ:DXLG) last released its earnings data on Friday, November 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $88.20 million for the quarter, compared to the consensus estimate of $88.18 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Destination XL Group Inc. will post $-0.05 earnings per share for the current fiscal year.
On a related note, analysts at Zacks upgraded shares of Destination XL Group from an underperform rating to a neutral rating in a research note to investors on Friday, December 6th. They now have a $6.20 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Destination XL Group has a consensus rating of Buy and an average target price of $7.60.
Destination XL Group, Inc, formerly Casual Male Retail Group, Inc, is a specialty retailer of big and tall men’s apparel with retail operations in the United States and London, England and direct businesses throughout the United States, Canada and Europe.
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