G-III Apparel Group (NASDAQ:GIII) Issues FY25 Earnings Guidance

G-III Apparel Group (NASDAQ:GIIIGet Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $3.58-3.68 for the period, compared to the consensus EPS estimate of $3.55. The company issued revenue guidance of ~$3.20 billion, compared to the consensus revenue estimate of $3.18 billion. G-III Apparel Group also updated its FY 2025 guidance to 3.580-3.680 EPS.

G-III Apparel Group Stock Down 0.8 %

GIII opened at $26.85 on Friday. G-III Apparel Group has a twelve month low of $18.47 and a twelve month high of $35.68. The firm has a market cap of $1.21 billion, a P/E ratio of 7.03 and a beta of 2.26. The business has a 50 day moving average price of $28.33 and a 200 day moving average price of $30.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.31 and a current ratio of 3.36.

G-III Apparel Group (NASDAQ:GIIIGet Free Report) last issued its earnings results on Thursday, June 6th. The textile maker reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $609.75 million during the quarter, compared to analyst estimates of $615.10 million. G-III Apparel Group had a return on equity of 12.84% and a net margin of 5.76%. Research analysts forecast that G-III Apparel Group will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GIII. TheStreet upgraded G-III Apparel Group from a c+ rating to a b rating in a report on Thursday, March 14th. UBS Group decreased their target price on G-III Apparel Group from $34.00 to $31.00 and set a neutral rating on the stock in a report on Monday, March 18th. Barclays restated an underweight rating and set a $23.00 target price (down previously from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. Telsey Advisory Group restated a market perform rating and set a $29.00 target price on shares of G-III Apparel Group in a report on Monday, June 3rd. Finally, Wells Fargo & Company decreased their target price on G-III Apparel Group from $24.00 to $23.00 and set an underweight rating on the stock in a report on Friday, March 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $27.60.

Check Out Our Latest Stock Analysis on G-III Apparel Group

G-III Apparel Group Company Profile

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G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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