Oxford Industries (NYSE:OXM) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.25-4.45 for the period, compared to the Thomson Reuters consensus estimate of $4.54. The company issued revenue guidance of $1.135-1.155 billion, compared to the consensus revenue estimate of $1.14 billion.Oxford Industries also updated its Q3 2019 guidance to $0.01-0.11 EPS.
A number of analysts recently commented on the company. Zacks Investment Research lowered Oxford Industries from a buy rating to a hold rating in a research note on Wednesday, August 14th. ValuEngine raised shares of Oxford Industries from a sell rating to a hold rating in a research note on Friday, August 2nd. Finally, Telsey Advisory Group cut their target price on shares of Oxford Industries from $82.00 to $78.00 and set a market perform rating for the company in a research note on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $86.00.
NYSE OXM traded up $1.39 during mid-day trading on Wednesday, reaching $79.50. 637,400 shares of the stock were exchanged, compared to its average volume of 175,386. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $93.52. The business’s fifty day simple moving average is $69.27 and its 200 day simple moving average is $74.27. The stock has a market capitalization of $1.33 billion, a PE ratio of 18.40, a PEG ratio of 1.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64.
Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.09. The firm had revenue of $282.00 million during the quarter, compared to analysts’ expectations of $276.75 million. Oxford Industries had a net margin of 6.03% and a return on equity of 15.43%. Oxford Industries’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. On average, analysts anticipate that Oxford Industries will post 4.57 EPS for the current year.
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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