Tailored Brands (NYSE:TLRD) Issues Q2 2019 Earnings Guidance

Tailored Brands (NYSE:TLRD) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.65-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95.

Shares of NYSE TLRD traded down $0.36 during trading on Wednesday, reaching $5.54. 3,370,190 shares of the company traded hands, compared to its average volume of 2,037,467. The company has a quick ratio of 0.37, a current ratio of 1.91 and a debt-to-equity ratio of 317.61. The company has a market cap of $279.01 million, a PE ratio of 2.40 and a beta of 1.93. Tailored Brands has a 52-week low of $5.13 and a 52-week high of $34.94.

Tailored Brands (NYSE:TLRD) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The firm had revenue of $785.76 million for the quarter, compared to the consensus estimate of $801.24 million. The business’s revenue was down 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Tailored Brands will post 1.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 13.00%. The ex-dividend date is Monday, June 17th. Tailored Brands’s dividend payout ratio (DPR) is presently 31.17%.

Several equities analysts have recently weighed in on TLRD shares. B. Riley cut shares of Tailored Brands from a buy rating to a neutral rating and lowered their price objective for the stock from $20.00 to $11.00 in a research note on Thursday, March 14th. Zacks Investment Research cut shares of Tailored Brands from a hold rating to a sell rating in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $19.67.

In related news, CAO Brian T. Vaclavik acquired 4,250 shares of Tailored Brands stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $8.16 per share, for a total transaction of $34,680.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,699 shares in the company, valued at approximately $160,743.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Carrie Ann Ask acquired 13,500 shares of Tailored Brands stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $7.41 per share, for a total transaction of $100,035.00. Following the transaction, the insider now owns 20,962 shares of the company’s stock, valued at $155,328.42. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.

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Tailored Brands Company Profile

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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

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