Tailored Brands (TLRD) Issues Quarterly Earnings Results
Tailored Brands (NYSE:TLRD) posted its quarterly earnings results on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.21, Bloomberg Earnings reports. Tailored Brands had a net margin of 1.79% and a negative return on equity of 108.13%. The business had revenue of $810.80 million during the quarter, compared to analyst estimates of $807.51 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. Tailored Brands updated its FY18 guidance to $2.03-2.08 EPS.
Tailored Brands (NYSE TLRD) traded up $2.32 during trading on Thursday, hitting $19.51. 7,362,024 shares of the stock were exchanged, compared to its average volume of 1,550,970. The company has a current ratio of 2.74, a quick ratio of 0.56 and a debt-to-equity ratio of -32.83. The stock has a market capitalization of $845.67, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.56 and a beta of 1.89. Tailored Brands has a one year low of $9.40 and a one year high of $28.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, December 12th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.69%. Tailored Brands’s dividend payout ratio is currently 60.50%.
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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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