Guess?, Inc. (GES) Expected to Announce Quarterly Sales of $447.1 Million

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%.

ILLEGAL ACTIVITY NOTICE: This article was published by sleekmoney and is the property of of sleekmoney. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at http://sleekmoney.com/guess-inc-ges-expected-to-announce-quarterly-sales-of-447-1-million/1748101.html.

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.

5 Day Chart for NYSE:GES

Get a free copy of the Zacks research report on Guess? (GES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/guess-inc-ges-expected-to-announce-quarterly-sales-of-447-1-million/1748101.html

Receive News & Ratings for Guess? Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *