Guess?, Inc. (GES) Updates Q4 Earnings Guidance
Guess?, Inc. (NYSE:GES) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.48-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of +10-12% to ~$747-761 million, compared to the consensus revenue estimate of $753.75 million.
Guess?, Inc. (NYSE:GES) traded up $0.12 on Tuesday, hitting $17.78. The stock had a trading volume of 1,662,700 shares, compared to its average volume of 1,396,883. The company has a market cap of $1,470.50, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.41. The company has a current ratio of 2.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. Guess?, Inc. has a 52-week low of $9.56 and a 52-week high of $18.20.
Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.09. The firm had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. research analysts forecast that Guess?, Inc. will post 0.57 earnings per share for the current fiscal year.
GES has been the topic of several research analyst reports. Cowen and Company set a $11.00 target price on Guess? and gave the stock a hold rating in a research note on Friday, July 28th. BidaskClub upgraded Guess? from a hold rating to a buy rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded Guess? from a buy rating to a hold rating in a research note on Tuesday, August 8th. Standpoint Research downgraded Guess? from a buy rating to a hold rating and set a $13.91 price target on the stock. in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC set a $11.00 price target on Guess? and gave the company a hold rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $13.77.
In other news, 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 sale, the director now owns 42,433 shares in the company, valued at $680,200.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.60% of the stock is owned by corporate insiders.
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Guess? Company Profile
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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