Tailored Brands (TLRD) Releases FY19 Earnings Guidance

Tailored Brands (NYSE:TLRD) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.35-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.29.

Tailored Brands (TLRD) traded down $0.10 during trading hours on Wednesday, hitting $23.21. The company had a trading volume of 2,242,887 shares, compared to its average volume of 1,139,848. The company has a current ratio of 2.48, a quick ratio of 0.52 and a debt-to-equity ratio of -97.85. The firm has a market capitalization of $1,154.26, a P/E ratio of 16.77, a P/E/G ratio of 0.64 and a beta of 1.94. Tailored Brands has a twelve month low of $9.40 and a twelve month high of $26.03.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 19th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, March 16th. Tailored Brands’s dividend payout ratio is currently 52.94%.

A number of research firms recently commented on TLRD. Zacks Investment Research cut Tailored Brands from a buy rating to a hold rating in a report on Friday, March 9th. ValuEngine cut Tailored Brands from a buy rating to a hold rating in a report on Sunday, December 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Tailored Brands presently has an average rating of Buy and an average price target of $18.67.

In other news, Director William B. Sechrest sold 1,286 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $23.18, for a total transaction of $29,809.48. Following the completion of the sale, the director now owns 39,098 shares in the company, valued at $906,291.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

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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.

Earnings History and Estimates for Tailored Brands (NYSE:TLRD)

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