Guess?, Inc. (GES) Announces Quarterly Earnings Results
Guess?, Inc. (NYSE:GES) posted its earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.09, Bloomberg Earnings reports. The company had revenue of $573.69 million for the quarter, compared to analyst estimates of $559.82 million. Guess? had a net margin of 1.20% and a return on equity of 3.67%. Guess?’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS.
Shares of Guess? (NYSE GES) traded up 0.89% during mid-day trading on Wednesday, reaching $12.48. 3,434,427 shares of the company were exchanged. The company’s 50-day moving average is $12.82 and its 200 day moving average is $11.93. Guess? has a 12 month low of $9.56 and a 12 month high of $18.68. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 40.00 and a beta of 0.42.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 7.21%. Guess?’s dividend payout ratio is currently 290.32%.
In related news, CEO Amigo Victor Herrero bought 3,274 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the transaction, the chief executive officer now owns 392,848 shares in the company, valued at approximately $4,596,321.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 29.60% of the company’s stock.
Several equities analysts have weighed in on the stock. Standpoint Research lowered shares of Guess? from a “buy” rating to a “hold” rating and set a $13.91 price objective on the stock. in a report on Wednesday, August 9th. B. Riley restated a “neutral” rating and issued a $12.00 price objective on shares of Guess? in a report on Sunday, June 4th. Jefferies Group LLC set a $11.00 price objective on shares of Guess? and gave the stock a “hold” rating in a report on Wednesday, August 16th. FBR & Co set a $16.00 price objective on shares of Guess? and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Investment Research lowered shares of Guess? from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.99.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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