Guess?, Inc. (NYSE:GES) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.08-0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of +4.0-6.0% to $558-568 million, compared to the consensus revenue estimate of $553.78 million.Guess? also updated its FY18 guidance to $0.52-0.60 EPS.
Shares of Guess?, Inc. (NYSE GES) opened at 12.48 on Thursday. The stock has a market cap of $1.04 billion, a PE ratio of 40.00 and a beta of 0.42. The firm has a 50-day moving average price of $12.81 and a 200-day moving average price of $11.93. Guess?, Inc. has a 12 month low of $9.56 and a 12 month high of $18.68.
Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.09. The firm had revenue of $573.69 million during the quarter, compared to the consensus estimate of $559.82 million. Guess? had a net margin of 1.20% and a return on equity of 3.67%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Equities analysts forecast that Guess?, Inc. will post $0.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.21%. Guess?’s payout ratio is currently 290.32%.
A number of research analysts have issued reports on GES shares. Jefferies Group LLC set a $12.00 target price on shares of Guess? and gave the company a hold rating in a report on Thursday, May 4th. Zacks Investment Research raised shares of Guess? from a sell rating to a hold rating in a report on Monday, May 22nd. Cowen and Company increased their target price on shares of Guess? from $10.00 to $11.00 and gave the company a market perform rating in a report on Thursday, May 25th. B. Riley reaffirmed a neutral rating and issued a $12.00 target price on shares of Guess? in a report on Tuesday, May 30th. Finally, BidaskClub raised shares of Guess? from a hold rating to a buy rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $13.55.
In other Guess? news, CEO Amigo Victor Herrero acquired 3,274 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of $11.70 per share, with a total value of $38,305.80. Following the purchase, the chief executive officer now directly owns 392,848 shares in the company, valued at approximately $4,596,321.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 29.60% of the company’s stock.
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About Guess?
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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