Oxford Industries (NYSE:OXM) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.01-0.11 for the period, compared to the Thomson Reuters consensus estimate of $0.14. The company issued revenue guidance of $235-245 million, compared to the consensus revenue estimate of $241.96 million.Oxford Industries also updated its FY 2019 guidance to $4.25-4.45 EPS.
OXM traded up $1.39 during trading on Wednesday, reaching $79.50. 553,665 shares of the company’s stock were exchanged, compared to its average volume of 175,386. The stock has a market capitalization of $1.33 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48. Oxford Industries has a one year low of $63.50 and a one year high of $93.52. The firm has a fifty day moving average price of $69.27 and a two-hundred day moving average price of $74.27. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67.
Oxford Industries (NYSE:OXM) last announced its earnings results on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09. Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The company had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.75 million. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts expect that Oxford Industries will post 4.57 earnings per share for the current year.
A number of research firms recently commented on OXM. ValuEngine raised Oxford Industries from a sell rating to a hold rating in a research report on Friday, August 2nd. Zacks Investment Research lowered Oxford Industries from a buy rating to a hold rating in a report on Wednesday, August 14th. Finally, Telsey Advisory Group reduced their price target on Oxford Industries from $82.00 to $78.00 and set a market perform rating for the company in a research report on Monday, June 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $86.00.
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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