Guess?, Inc. (GES) Expected to Announce Earnings of $0.11 Per Share
Wall Street brokerages expect Guess?, Inc. (NYSE:GES) to announce $0.11 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Guess?’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.12. Guess? also reported earnings of $0.11 per share during the same quarter last year. The business is expected to announce its next quarterly earnings report on Wednesday, November 29th.
On average, analysts expect that Guess? will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.40 to $0.58. For the next financial year, analysts forecast that the firm will report earnings of $0.68 per share, with EPS estimates ranging from $0.60 to $0.75. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Guess?.
Guess? (NYSE:GES) last issued its quarterly earnings results on Wednesday, August 23rd. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.09. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The company had revenue of $573.69 million for the quarter, compared to analysts’ expectations of $559.82 million. During the same quarter last year, the business earned $0.14 earnings per share. Guess?’s revenue was up 5.3% on a year-over-year basis.
A number of research firms recently issued reports on GES. B. Riley reiterated a “neutral” rating and set a $12.00 price objective on shares of Guess? in a research note on Sunday, June 4th. BidaskClub lowered Guess? from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Cowen and Company boosted their price objective on Guess? from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Thursday, May 25th. Zacks Investment Research lowered Guess? from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Standpoint Research lowered Guess? from a “buy” rating to a “hold” rating and set a $13.91 price objective on the stock. in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.77.
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In other Guess? news, CEO Amigo Victor Herrero bought 3,274 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were acquired at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the purchase, the chief executive officer now directly owns 392,848 shares of the company’s stock, valued at $4,596,321.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kay Isaacson-Leibowitz sold 6,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total value of $96,180.00. Following the completion of the transaction, the director now owns 42,433 shares in the company, valued at $680,200.99. The disclosure for this sale can be found here. 29.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Guess? in the 2nd quarter worth about $324,000. Piedmont Investment Advisors LLC bought a new position in Guess? in the 2nd quarter worth about $168,000. Tower Research Capital LLC TRC bought a new position in Guess? in the 2nd quarter worth about $265,000. Cubist Systematic Strategies LLC bought a new position in Guess? in the 2nd quarter worth about $129,000. Finally, State Street Corp increased its stake in Guess? by 2.0% in the 2nd quarter. State Street Corp now owns 3,839,229 shares of the company’s stock worth $49,066,000 after acquiring an additional 75,571 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.
Guess? (GES) opened at 15.64 on Friday. Guess? has a 12 month low of $9.56 and a 12 month high of $16.55. The company has a market cap of $1.30 billion, a PE ratio of 144.81 and a beta of 0.41. The company has a 50 day moving average price of $14.38 and a 200-day moving average price of $12.25.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be paid a $0.225 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.90 dividend on an annualized basis and a yield of 5.75%. Guess?’s dividend payout ratio is currently 818.18%.
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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