Brokerages Anticipate Tailored Brands Inc (TLRD) to Announce $0.52 EPS
Equities research analysts expect that Tailored Brands Inc (NASDAQ:TLRD) will report earnings per share of $0.52 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Tailored Brands’ earnings. Tailored Brands reported earnings of $0.68 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.5%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, December 6th.
According to Zacks, analysts expect that Tailored Brands will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.80 to $1.83. For the next financial year, analysts forecast that the company will report earnings of $1.93 per share, with EPS estimates ranging from $1.89 to $1.97. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tailored Brands.
Tailored Brands (NASDAQ:TLRD) last announced its quarterly earnings results on Thursday, September 7th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.26. The firm had revenue of $851.00 million for the quarter, compared to analyst estimates of $868.22 million. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS.
Several analysts recently issued reports on the stock. BidaskClub lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. FBR & Co restated an “outperform” rating and issued a $16.00 price objective on shares of Tailored Brands in a report on Tuesday, July 11th. Jefferies Group LLC restated a “hold” rating and issued a $13.00 price objective (up from $12.00) on shares of Tailored Brands in a report on Friday, September 8th. ValuEngine lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.86.
Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in shares of Tailored Brands by 80.0% during the second quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $108,000 after buying an additional 4,303 shares during the period. Financial Engines Advisors L.L.C. increased its stake in shares of Tailored Brands by 192,760.0% during the second quarter. Financial Engines Advisors L.L.C. now owns 9,643 shares of the company’s stock worth $108,000 after buying an additional 9,638 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Tailored Brands during the second quarter worth approximately $118,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Tailored Brands by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,590 shares of the company’s stock worth $129,000 after buying an additional 450 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Tailored Brands by 19.3% during the second quarter. GSA Capital Partners LLP now owns 12,700 shares of the company’s stock worth $142,000 after buying an additional 2,053 shares during the period.
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Shares of Tailored Brands (NASDAQ TLRD) traded down $0.47 during mid-day trading on Thursday, hitting $14.71. 782,478 shares of the stock traded hands, compared to its average volume of 1,080,000. Tailored Brands has a 1 year low of $9.40 and a 1 year high of $28.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Tuesday, December 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.89%.
Tailored Brands Company Profile
Tailored Brands, Inc is a holding company of The Men’s Wearhouse, Inc The Company is a specialty apparel retailer offering suits, suit separates, sport coats, slacks, business casual, sportswear, outerwear, dress shirts, shoes and accessories for men and tuxedo and suit rental product. It operates through two segments: Retail and Corporate Apparel.
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