Zacks: Analysts Anticipate Tailored Brands Inc (TLRD) Will Post Earnings of $0.88 Per Share
Wall Street brokerages predict that Tailored Brands Inc (NASDAQ:TLRD) will announce earnings per share of $0.88 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tailored Brands’ earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.67. Tailored Brands reported earnings per share of $0.99 during the same quarter last year, which suggests a negative year over year growth rate of 11.1%. The firm is scheduled to issue its next earnings report on Wednesday, September 6th.
On average, analysts expect that Tailored Brands will report full year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.70 to $1.85. For the next financial year, analysts forecast that the business will report earnings of $1.95 per share, with EPS estimates ranging from $1.85 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Tailored Brands.
Tailored Brands (NASDAQ:TLRD) last released its quarterly earnings data on Friday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The firm had revenue of $782.90 million for the quarter, compared to analysts’ expectations of $793.27 million. Tailored Brands’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share.
Several research analysts have weighed in on the stock. Cowen and Company decreased their price objective on shares of Tailored Brands from $23.00 to $12.00 and set a “market perform” rating for the company in a report on Friday. TheStreet raised shares of Tailored Brands from a “d+” rating to a “c-” rating in a report on Wednesday, June 7th. Wunderlich set a $24.00 price objective on shares of Tailored Brands and gave the stock a “buy” rating in a report on Thursday, June 8th. Jefferies Group LLC reissued a “hold” rating and set a $14.00 price objective on shares of Tailored Brands in a report on Tuesday, June 6th. Finally, ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.14.
In other news, major shareholder Eminence Capital, Lp sold 7,256,678 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $12.20, for a total value of $88,531,471.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Republic Investment Management Inc. acquired a new position in Tailored Brands during the fourth quarter worth about $224,000. SG Americas Securities LLC increased its position in Tailored Brands by 25.5% in the first quarter. SG Americas Securities LLC now owns 10,005 shares of the company’s stock worth $149,000 after buying an additional 2,032 shares during the last quarter. First Mercantile Trust Co. increased its position in Tailored Brands by 56.0% in the first quarter. First Mercantile Trust Co. now owns 10,106 shares of the company’s stock worth $151,000 after buying an additional 3,626 shares during the last quarter. Bank of Montreal Can increased its position in Tailored Brands by 4.5% in the first quarter. Bank of Montreal Can now owns 10,205 shares of the company’s stock worth $153,000 after buying an additional 442 shares during the last quarter. Finally, Mason Street Advisors LLC increased its position in Tailored Brands by 7.1% in the first quarter. Mason Street Advisors LLC now owns 11,398 shares of the company’s stock worth $170,000 after buying an additional 757 shares during the last quarter.
Shares of Tailored Brands (NASDAQ TLRD) traded up 3.50% during midday trading on Tuesday, reaching $11.52. 959,820 shares of the company were exchanged. The stock’s 50-day moving average price is $11.61 and its 200-day moving average price is $17.88. The company has a market capitalization of $565.03 million and a PE ratio of 22.33. Tailored Brands has a 52-week low of $9.91 and a 52-week high of $28.76.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Tuesday, June 13th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.47%.
Tailored Brands Company Profile
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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