Tailored Brands (NYSE:TLRD) Issues Q3 2019 Earnings Guidance

Tailored Brands (NYSE:TLRD) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.40-0.45 for the period, compared to the Thomson Reuters consensus estimate of $0.88.

Several brokerages have recently commented on TLRD. B. Riley dropped their price target on shares of Tailored Brands from $7.00 to $10.00 and set a neutral rating on the stock in a research note on Thursday, June 13th. Zacks Investment Research downgraded shares of Tailored Brands from a hold rating to a sell rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Tailored Brands presently has a consensus rating of Hold and a consensus target price of $17.00.

NYSE TLRD traded up $0.39 during trading on Wednesday, hitting $7.17. 7,067,400 shares of the company traded hands, compared to its average volume of 2,374,060. Tailored Brands has a 12 month low of $4.21 and a 12 month high of $28.78. The business has a fifty day simple moving average of $5.03 and a 200 day simple moving average of $6.96. The company has a current ratio of 1.39, a quick ratio of 0.22 and a debt-to-equity ratio of 317.61. The company has a market capitalization of $312.71 million, a P/E ratio of 3.10 and a beta of 1.83.

Tailored Brands (NYSE:TLRD) last released its quarterly earnings results on Wednesday, June 12th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The company had revenue of $781.40 million during the quarter, compared to the consensus estimate of $776.22 million. The firm’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. Equities research analysts predict that Tailored Brands will post 1.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.72 dividend on an annualized basis and a yield of 10.04%. Tailored Brands’s payout ratio is currently 31.17%.

About Tailored Brands

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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