Brokerages expect Guess?, Inc. (NYSE:GES) to report $447.1 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Guess?’s earnings. The lowest sales estimate is $444.2 million and the highest is $450 million. Guess? reported sales of $448.82 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The business is expected to report its next earnings report on Wednesday, May 24th.
On average, analysts expect that Guess? will report full year sales of $447.1 million for the current fiscal year, with estimates ranging from $2.25 billion to $2.26 billion. For the next year, analysts forecast that the firm will post sales of $2.32 billion per share, with estimates ranging from $2.28 billion to $2.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Guess?.
Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, March 15th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.03. Guess? had a net margin of 2.92% and a return on equity of 4.84%. The company earned $679.27 million during the quarter, compared to the consensus estimate of $689.05 million. During the same period in the previous year, the business posted $0.57 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis.
Several research analysts have recently commented on GES shares. Mizuho lowered Guess? from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $14.00 to $10.00 in a report on Thursday, March 9th. Wunderlich reissued a “buy” rating and set a $15.00 price objective on shares of Guess? in a report on Tuesday, March 28th. Zacks Investment Research lowered Guess? from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Telsey Advisory Group cut their price objective on Guess? from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, March 16th. Finally, B. Riley lowered Guess? from a “buy” rating to a “neutral” rating in a report on Friday, March 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.38.
Hedge funds have recently made changes to their positions in the stock. Dynamic Capital Management Ltd bought a new stake in shares of Guess? during the third quarter valued at $2,066,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Guess? during the third quarter valued at $109,000. SG Americas Securities LLC increased its stake in shares of Guess? by 1.5% in the third quarter. SG Americas Securities LLC now owns 25,215 shares of the company’s stock valued at $368,000 after buying an additional 373 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Guess? during the third quarter valued at $477,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Guess? by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 28,760 shares of the company’s stock valued at $420,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.
Shares of Guess? (NYSE:GES) traded up 1.01% on Wednesday, hitting $10.99. The company had a trading volume of 108,707 shares. The firm has a 50 day moving average of $11.41 and a 200-day moving average of $12.99. Guess? has a 12-month low of $10.29 and a 12-month high of $18.68. The firm has a market capitalization of $909.54 million, a P/E ratio of 41.32 and a beta of 0.63.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Wednesday, March 29th were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, March 27th. This represents a $0.90 annualized dividend and a yield of 8.27%. Guess?’s payout ratio is currently 118.42%.
Guess? Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collection of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, which includes its retail and e-commerce operations in North and Central America and its retail operations in South America; Europe, which includes its wholesale, retail and e-commerce operations in Europe and the Middle East; Asia, which includes its retail, e-commerce and wholesale operations in Asia; Americas Wholesale, which includes its wholesale operations in the Americas, and Licensing, which includes licensing operations of the Company across the world.
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