Oxford Industries, Inc. (OXM) Releases Q3 Earnings Guidance
Oxford Industries, Inc. (NYSE:OXM) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.09-0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.06. The company issued revenue guidance of $240-250 million, compared to the consensus revenue estimate of $237.59 million.Oxford Industries also updated its FY18 guidance to $3.50-3.70 EPS.
A number of equities research analysts recently weighed in on the stock. Needham & Company LLC dropped their price target on shares of Oxford Industries from $68.00 to $62.00 and set a buy rating for the company in a research note on Friday. B. Riley reissued a buy rating and set a $66.00 price target on shares of Oxford Industries in a research note on Monday, June 5th. FBR & Co set a $75.00 price target on shares of Oxford Industries and gave the stock a buy rating in a research note on Monday. Zacks Investment Research raised shares of Oxford Industries from a hold rating to a buy rating and set a $65.00 price target for the company in a research note on Friday. Finally, BidaskClub downgraded shares of Oxford Industries from a buy rating to a hold rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $69.33.
Oxford Industries, Inc. (NYSE OXM) opened at 57.81 on Friday. The stock has a 50 day moving average of $60.93 and a 200 day moving average of $58.15. The company has a market capitalization of $971.79 million, a price-to-earnings ratio of 19.47 and a beta of 0.40. Oxford Industries, Inc. has a 12 month low of $49.50 and a 12 month high of $76.19.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Thursday, August 31st. The textile maker reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. The company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. Oxford Industries had a net margin of 4.76% and a return on equity of 14.00%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. Equities analysts anticipate that Oxford Industries, Inc. will post $3.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.87%. Oxford Industries’s dividend payout ratio (DPR) is presently 36.36%.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel company. The Company designs, sources, markets and distributes products bearing the trademarks of its owned Tommy Bahama, Lilly Pulitzer and Southern Tide lifestyle brands, other owned brands and licensed brands, as well as private label apparel products. It distributes its lifestyle branded products through its direct to consumer channels, consisting of its Tommy Bahama and Lilly Pulitzer full-price retail stores and its e-commerce sites for Tommy Bahama, Lilly Pulitzer and Southern Tide, and through its wholesale distribution channels.
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