Oxford Industries (NYSE:OXM) Issues FY20 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.56. The company issued revenue guidance of $1.14-1.16 billion, compared to the consensus revenue estimate of $1.14 billion.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.

NYSE:OXM traded down $1.59 during trading hours on Wednesday, reaching $68.80. 431,545 shares of the company’s stock were exchanged, compared to its average volume of 159,330. The stock has a market cap of $1.19 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.55 and a beta of 0.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $97.19.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.09. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The firm had revenue of $282.00 million during the quarter, compared to analysts’ expectations of $276.75 million. During the same quarter in the prior year, the business earned $1.28 EPS. Oxford Industries’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts expect that Oxford Industries will post 4.56 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Oxford Industries from a sell rating to a hold rating in a research note on Thursday, April 25th. Telsey Advisory Group restated a market perform rating and issued a $82.00 target price (up previously from $76.00) on shares of Oxford Industries in a research note on Thursday, April 18th. Finally, Citigroup assumed coverage on shares of Oxford Industries in a research note on Tuesday, April 16th. They issued a buy rating for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of Buy and an average price target of $90.25.

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About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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