Guess? (NYSE:GES) Releases Earnings Results, Beats Estimates By $0.12 EPS

Guess? (NYSE:GES) announced its earnings results on Tuesday. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12, FiscalAI reports. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The business had revenue of $791.43 million for the quarter, compared to analysts’ expectations of $767.93 million.

Guess? Price Performance

Shares of NYSE:GES traded up $0.14 on Tuesday, hitting $17.05. The company had a trading volume of 670,807 shares, compared to its average volume of 1,062,163. The company has a market cap of $888.93 million, a PE ratio of 106.54 and a beta of 1.28. The business has a 50 day moving average of $16.86 and a 200 day moving average of $14.56. Guess? has a 52-week low of $8.48 and a 52-week high of $17.88. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10.

Guess? Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 10th were given a $0.225 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.90 dividend on an annualized basis and a yield of 5.3%. Guess?’s dividend payout ratio (DPR) is presently 562.50%.

Institutional Investors Weigh In On Guess?

Several hedge funds have recently modified their holdings of GES. Advisory Services Network LLC acquired a new position in shares of Guess? in the third quarter valued at approximately $38,000. First Trust Capital Management L.P. acquired a new position in Guess? in the 3rd quarter valued at $1,150,000. Verition Fund Management LLC acquired a new position in Guess? in the 3rd quarter valued at $481,000. Qube Research & Technologies Ltd purchased a new position in shares of Guess? during the 3rd quarter worth $1,245,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Guess? by 9.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,064,173 shares of the company’s stock worth $17,782,000 after purchasing an additional 94,234 shares during the last quarter. 61.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GES shares. UBS Group raised their price objective on shares of Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Zacks Research downgraded shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Small Cap Consu cut Guess? from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Guess? in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $16.75 price objective on shares of Guess? in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Guess? currently has a consensus rating of “Hold” and an average target price of $16.75.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.