Guess?, Inc. (GES) Expected to Post Earnings of $0.12 Per Share
Equities research analysts forecast that Guess?, Inc. (NYSE:GES) will post $0.12 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Guess?’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.11. Guess? reported earnings per share of $0.11 in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The firm is scheduled to issue its next earnings report on Wednesday, November 29th.
On average, analysts expect that Guess? will report full year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.59. For the next year, analysts forecast that the firm will report earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Guess?.
Guess? (NYSE:GES) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $573.69 million for the quarter, compared to analysts’ expectations of $559.82 million. During the same period last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year.
GES has been the topic of several recent research reports. Standpoint Research cut shares of Guess? from a “buy” rating to a “hold” rating and set a $13.91 target price on the stock. in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Guess? from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub cut shares of Guess? from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Telsey Advisory Group upped their target price on shares of Guess? from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Thursday, August 24th. Finally, Cowen and Company set a $11.00 target price on shares of Guess? and gave the company a “hold” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.77.
In related news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.03, for a total transaction of $96,180.00. Following the transaction, the director now directly owns 42,433 shares in the company, valued at approximately $680,200.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 29.60% of the company’s stock.
A number of large investors have recently modified their holdings of GES. SG Americas Securities LLC bought a new position in Guess? in the 2nd quarter worth about $1,065,000. Paloma Partners Management Co bought a new position in Guess? in the 1st quarter worth about $825,000. GAM Holding AG grew its stake in Guess? by 15.6% in the 2nd quarter. GAM Holding AG now owns 105,170 shares of the company’s stock worth $1,344,000 after acquiring an additional 14,190 shares in the last quarter. Contrarius Investment Management Ltd grew its stake in Guess? by 56.1% in the 2nd quarter. Contrarius Investment Management Ltd now owns 1,016,303 shares of the company’s stock worth $12,988,000 after acquiring an additional 365,342 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Guess? by 33.1% in the 1st quarter. Bank of America Corp DE now owns 731,344 shares of the company’s stock worth $8,154,000 after acquiring an additional 181,731 shares in the last quarter. Institutional investors own 79.50% of the company’s stock.
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Shares of Guess? (NYSE:GES) traded down 0.36% on Tuesday, hitting $16.76. The stock had a trading volume of 766,615 shares. The stock has a market cap of $1.40 billion, a PE ratio of 155.19 and a beta of 0.44. Guess? has a 12 month low of $9.56 and a 12 month high of $17.54. The company has a 50 day moving average price of $16.29 and a 200-day moving average price of $13.19.
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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