Oxford Industries, Inc. (OXM) Issues FY18 Earnings Guidance
Oxford Industries, Inc. (NYSE:OXM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $3.50-3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.59. The company issued revenue guidance of 1085-1105 billion, compared to the consensus revenue estimate of $1.09 billion.Oxford Industries also updated its Q3 guidance to $0.09-0.19 EPS.
Oxford Industries, Inc. (NYSE:OXM) opened at 62.73 on Friday. Oxford Industries, Inc. has a 52-week low of $49.50 and a 52-week high of $76.19. The company’s 50-day moving average price is $60.99 and its 200 day moving average price is $58.20. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 21.13 and a beta of 0.37.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Thursday, August 31st. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. Oxford Industries had a return on equity of 13.85% and a net margin of 4.64%. The business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $291.34 million. During the same period in the prior year, the business posted $1.48 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that Oxford Industries, Inc. will post $3.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. Oxford Industries’s dividend payout ratio (DPR) is presently 37.37%.
A number of equities research analysts have issued reports on the company. TheStreet upgraded Oxford Industries from a c+ rating to a b- rating in a research report on Thursday, June 15th. BidaskClub upgraded Oxford Industries from a hold rating to a buy rating in a research report on Tuesday, June 13th. B. Riley restated a buy rating and set a $66.00 price objective on shares of Oxford Industries in a research report on Saturday, June 10th. Needham & Company LLC assumed coverage on Oxford Industries in a research report on Tuesday, July 18th. They set a buy rating and a $68.00 price objective on the stock. Finally, FBR & Co assumed coverage on Oxford Industries in a research report on Tuesday, July 11th. They set an outperform rating and a $75.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Oxford Industries has an average rating of Buy and a consensus price target of $69.33.
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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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