Guess?, Inc. (GES) Announces Earnings Results, Beats Expectations By $0.09 EPS
Guess?, Inc. (NYSE:GES) announced its earnings results on Tuesday. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.09, Bloomberg Earnings reports. The firm had revenue of $573.69 million for the quarter, compared to the consensus estimate of $559.82 million. Guess? had a return on equity of 3.67% and a net margin of 1.20%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS.
Guess? (NYSE GES) opened at 12.48 on Thursday. Guess? has a 1-year low of $9.56 and a 1-year high of $18.68. The company has a market cap of $1.04 billion, a PE ratio of 40.00 and a beta of 0.42. The company has a 50-day moving average price of $12.81 and a 200-day moving average price of $11.93.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 7.21%. Guess?’s dividend payout ratio (DPR) is 290.32%.
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In related news, CEO Amigo Victor Herrero purchased 3,274 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was purchased at an average cost of $11.70 per share, for a total transaction of $38,305.80. Following the completion of the purchase, the chief executive officer now directly owns 392,848 shares in the company, valued at $4,596,321.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.60% of the stock is owned by company insiders.
Several research analysts have commented on the company. Telsey Advisory Group upped their price target on Guess? from $12.00 to $15.00 and gave the stock a “market perform” rating in a research note on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Guess? in a research note on Thursday. FBR & Co set a $17.00 price target on Guess? and gave the stock a “buy” rating in a research note on Monday. BidaskClub downgraded Guess? from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Standpoint Research downgraded Guess? from a “buy” rating to a “hold” rating and set a $13.91 price target on the stock. in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Guess? currently has an average rating of “Hold” and a consensus price target of $13.66.
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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