Oxford Industries (NYSE:OXM) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.01-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14. The company issued revenue guidance of $235-245 million, compared to the consensus revenue estimate of $240.74 million.Oxford Industries also updated its FY 2019 guidance to $4.25-4.45 EPS.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Oxford Industries from a buy rating to a hold rating in a report on Wednesday, August 14th. Telsey Advisory Group dropped their price objective on shares of Oxford Industries from $82.00 to $78.00 and set a market perform rating on the stock in a report on Monday, June 10th. Finally, ValuEngine raised Oxford Industries from a sell rating to a hold rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $86.00.
Shares of NYSE:OXM traded up $1.39 during trading on Wednesday, hitting $79.50. The stock had a trading volume of 637,400 shares, compared to its average volume of 175,386. The company has a quick ratio of 0.70, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. Oxford Industries has a 12-month low of $63.50 and a 12-month high of $93.52. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48. The stock has a 50-day simple moving average of $69.27 and a two-hundred day simple moving average of $74.27.
Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, beating the Zacks’ 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 firm 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 firm earned $1.28 earnings per share. Oxford Industries’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Oxford Industries will post 4.57 earnings per share 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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