Oxford Industries (NYSE:OXM) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.25-4.45 for the period, compared to the Thomson Reuters consensus EPS 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 FY 2019 guidance to $4.25-4.45 EPS.
Shares of NYSE OXM traded up $1.39 during mid-day trading on Wednesday, hitting $79.50. 553,665 shares of the company were exchanged, compared to its average volume of 175,386. The stock has a 50 day simple moving average of $69.27 and a 200-day simple moving average of $74.27. Oxford Industries has a 1-year low of $63.50 and a 1-year high of $93.52. The company has a quick ratio of 0.70, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm has a market cap 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.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. The company had revenue of $282.00 million for 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 was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. Analysts anticipate that Oxford Industries will post 4.57 earnings per share for the current fiscal year.
Several analysts have recently weighed in on OXM shares. ValuEngine raised shares of Oxford Industries from a sell rating to a hold rating in a report on Friday, August 2nd. Telsey Advisory Group cut their price target on shares of Oxford Industries from $82.00 to $78.00 and set a market perform rating for the company in a report on Monday, June 10th. Finally, Zacks Investment Research cut shares of Oxford Industries from a buy rating to a hold rating in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Oxford Industries currently has an average rating of Buy and an average price target of $86.00.
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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