Guess? (GES) Posts Quarterly Results
Guess? (NYSE:GES) posted its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.03, Stock Ratings Network.com reports. The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $617.91 million. During the same quarter in the previous year, the company posted $0.52 earnings per share.
A number of research firms have recently commented on GES. Analysts at Standpoint Research upgraded shares of Guess? from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. They now have a $32.00 price target on the stock, down previously from $480.00. On the ratings front, analysts at Piper Jaffray downgraded shares of Guess? from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 19th. They now have a $25.00 price target on the stock, down previously from $29.00. Finally, analysts at Wunderlich initiated coverage on shares of Guess? in a research note on Thursday, August 14th. They set a “buy” rating and a $31.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.92.
Guess? (NYSE:GES) traded down 0.74% during mid-day trading on Wednesday, hitting $25.64. The stock had a trading volume of 2,164,417 shares. Guess? has a 1-year low of $24.60 and a 1-year high of $34.94. The stock has a 50-day moving average of $26.46 and a 200-day moving average of $27.44. The company has a market cap of $2.186 billion and a price-to-earnings ratio of 15.65. Guess? also was the target of some unusual options trading on Tuesday. Stock traders acquired 3,251 put options on the company. This represents an increase of approximately 444% compared to the average volume of 598 put options.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.51%.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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