Zacks: Analysts Anticipate Tailored Brands Inc (TLRD) to Post $0.55 Earnings Per Share
Brokerages expect that Tailored Brands Inc (NASDAQ:TLRD) will announce earnings of $0.55 per share for the current quarter, Zacks reports. Three analysts have made estimates for Tailored Brands’ earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.52. Tailored Brands reported earnings of $0.68 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.1%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, December 6th.
On average, analysts expect that Tailored Brands will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.85. For the next year, analysts forecast that the business will post earnings of $1.99 per share, with EPS estimates ranging from $1.89 to $2.10. Zacks’ EPS averages are an average based on a survey of research analysts that cover Tailored Brands.
Tailored Brands (NASDAQ:TLRD) last issued its quarterly earnings results on Thursday, September 7th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.26. The business had revenue of $851.00 million for the quarter, compared to analyst estimates of $868.22 million. During the same quarter last year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year.
Several brokerages have recently commented on TLRD. FBR & Co reiterated a “buy” rating and set a $16.00 target price on shares of Tailored Brands in a research note on Thursday, September 21st. Zacks Investment Research upgraded Tailored Brands from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Tuesday, September 12th. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 target price (up from $12.00) on shares of Tailored Brands in a research note on Friday, September 8th. BidaskClub upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, ValuEngine upgraded Tailored Brands from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.86.
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A number of large investors have recently added to or reduced their stakes in TLRD. BlackRock Inc. lifted its holdings in Tailored Brands by 45,196.0% during the 1st quarter. BlackRock Inc. now owns 5,844,539 shares of the company’s stock worth $87,319,000 after purchasing an additional 5,831,636 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Tailored Brands by 55.6% during the 1st quarter. Vanguard Group Inc. now owns 9,091,895 shares of the company’s stock worth $135,834,000 after purchasing an additional 3,248,995 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Tailored Brands by 102.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,165,214 shares of the company’s stock worth $13,004,000 after purchasing an additional 590,036 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Tailored Brands during the 2nd quarter worth approximately $4,206,000. Finally, Fiera Capital Corp lifted its holdings in Tailored Brands by 319.4% during the 2nd quarter. Fiera Capital Corp now owns 450,000 shares of the company’s stock worth $5,022,000 after purchasing an additional 342,700 shares during the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, December 11th. This represents a $0.72 annualized dividend and a yield of 4.66%.
About Tailored Brands
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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