Destination XL Group, Inc. (DXLG) Set to Announce Earnings on Wednesday
Destination XL Group, Inc. (NASDAQ:DXLG) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 23rd. Analysts expect Destination XL Group to post earnings of ($0.03) per share for the quarter. Destination XL Group has set its FY18 guidance at ($0.14)-($0.06) EPS.
Destination XL Group (NASDAQ:DXLG) last announced its quarterly earnings results on Friday, May 19th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $107.70 million during the quarter, compared to analyst estimates of $109.24 million. Destination XL Group had a negative net margin of 1.90% and a negative return on equity of 5.81%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts expect Destination XL Group to post $-0.11 EPS for the current fiscal year and $0.06 EPS for the next fiscal year.
Destination XL Group, Inc. (NASDAQ:DXLG) opened at 1.70 on Wednesday. The company has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.48. The firm’s market capitalization is $83.75 million. Destination XL Group, Inc. has a one year low of $1.65 and a one year high of $5.57.
In other Destination XL Group news, Director Seymour Holtzman acquired 25,000 shares of the company’s stock in a transaction on Monday, July 10th. The shares were bought at an average cost of $2.05 per share, for a total transaction of $51,250.00. Following the acquisition, the director now directly owns 4,196,064 shares of the company’s stock, valued at $8,601,931.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.46% of the stock is owned by insiders.
Several research firms have issued reports on DXLG. Zacks Investment Research downgraded Destination XL Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 25th. FBR & Co restated an “outperform” rating and set a $3.00 price objective on shares of Destination XL Group in a report on Tuesday, July 11th.
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Destination XL Group Company Profile
Destination XL Group, Inc is a specialty retailer of men’s apparel with retail and direct operations in the United States and London, England. The Company operates through the Big & Tall Men’s Apparel segment. The Company operates under the trade names of Destination XL, DXL, Casual Male XL, Casual Male XL outlets, DXL outlets, Rochester Clothing, ShoesXL and LivingXL.
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