Guess?, Inc. (GES) Releases Q3 Earnings Guidance
Guess?, Inc. (NYSE:GES) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.15-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.38, StockRatingsNetwork reports. The company issued revenue guidance of $590-600 million, compared to the consensus revenue estimate of $613.00 million.Guess? also updated its FY15 guidance to $1.05-1.20 EPS.
GES has been the subject of a number of recent research reports. 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 a related note, 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 given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $30.92.
Shares of Guess?, Inc. (NYSE:GES) traded down 0.74% on Wednesday, hitting $25.64. 2,289,688 shares of the company’s stock traded hands. Guess?, Inc. has a 52 week low of $24.60 and a 52 week 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 P/E ratio of 15.65. Guess? also was the recipient of some unusual options trading activity on Tuesday. Investors acquired 3,251 put options on the company. This is an increase of 444% compared to the typical volume of 598 put options.
Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $617.91 million. During the same quarter last year, the company posted $0.52 earnings per share. Guess?’s revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that Guess?, Inc. will post $1.46 earnings per share for the current fiscal year.
The company also recently announced 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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