Oxford Industries (NYSE:OXM) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus estimate of $1.93. The company issued revenue guidance of $300-310 million, compared to the consensus revenue estimate of $313.1 million.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.
OXM stock traded down $1.59 during trading on Wednesday, hitting $68.80. 430,993 shares of the stock traded hands, compared to its average volume of 159,330. Oxford Industries has a 1 year low of $63.50 and a 1 year high of $97.19. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.55 and a beta of 0.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 1.90.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The company had revenue of $298.54 million for the quarter, compared to the consensus estimate of $301.84 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. Oxford Industries’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. As a group, research analysts predict that Oxford Industries will post 4.56 earnings per share for the current fiscal year.
OXM has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Oxford Industries from a sell rating to a hold rating in a report on Wednesday, February 13th. Citigroup initiated coverage on shares of Oxford Industries in a report on Tuesday, April 16th. They set a buy rating on the stock. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $82.00 price target (up previously from $76.00) on shares of Oxford Industries in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $90.25.
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Oxford Industries Company Profile
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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