Equities research analysts expect Tailored Brands Inc (NYSE:TLRD) to announce sales of $810.15 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Tailored Brands’ earnings, with estimates ranging from $789.00 million to $831.30 million. Tailored Brands reported sales of $793.26 million during the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, March 14th.
According to Zacks, analysts expect that Tailored Brands will report full-year sales of $810.15 million for the current financial year, with estimates ranging from $3.23 billion to $3.28 billion. For the next year, analysts expect that the business will post sales of $3.25 billion per share, with estimates ranging from $3.23 billion to $3.26 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Tailored Brands.
Tailored Brands (NYSE:TLRD) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.21. Tailored Brands had a net margin of 2.07% and a negative return on equity of 137.16%. The company had revenue of $810.80 million during the quarter, compared to the consensus estimate of $807.51 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year.
In other news, Director William B. Sechrest sold 1,286 shares of Tailored Brands stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $23.18, for a total value of $29,809.48. Following the completion of the transaction, the director now owns 39,098 shares of the company’s stock, valued at approximately $906,291.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new position in shares of Tailored Brands in the 4th quarter valued at about $205,000. Piedmont Investment Advisors LLC bought a new position in shares of Tailored Brands in the 2nd quarter valued at about $118,000. MANA Advisors LLC bought a new position in shares of Tailored Brands in the 4th quarter valued at about $266,000. Two Sigma Advisers LP bought a new position in shares of Tailored Brands in the 4th quarter valued at about $269,000. Finally, GSA Capital Partners LLP grew its position in shares of Tailored Brands by 19.3% in the 2nd quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock valued at $142,000 after acquiring an additional 2,053 shares during the period.
Tailored Brands (NYSE:TLRD) opened at $23.31 on Friday. The firm has a market cap of $1,148.35, a price-to-earnings ratio of 17.14, a P/E/G ratio of 0.64 and a beta of 1.99. Tailored Brands has a 12-month low of $9.40 and a 12-month high of $26.03. The company has a debt-to-equity ratio of -97.85, a current ratio of 2.48 and a quick ratio of 0.52.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 19th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, March 16th. Tailored Brands’s dividend payout ratio (DPR) is currently 52.94%.
About Tailored Brands
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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