Equities analysts predict that Guess', Inc. (NYSE:GES - Get Rating) will announce sales of $585.18 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Guess''s earnings. The highest sales estimate is $589.00 million and the lowest is $581.55 million. Guess' reported sales of $520.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Guess' will report full-year sales of $2.67 billion for the current year, with estimates ranging from $2.65 billion to $2.68 billion. For the next year, analysts expect that the business will report sales of $2.79 billion, with estimates ranging from $2.78 billion to $2.81 billion. Zacks' sales averages are an average based on a survey of sell-side research analysts that cover Guess'.
Guess' (NYSE:GES - Get Rating) last announced its quarterly earnings data on Wednesday, March 16th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.01). Guess' had a return on equity of 30.94% and a net margin of 6.61%. The firm had revenue of $799.94 million during the quarter, compared to analysts' expectations of $805.92 million. During the same period last year, the business posted $1.18 EPS. The company's revenue was up 23.4% compared to the same quarter last year.
Several brokerages recently weighed in on GES. B. Riley decreased their price objective on Guess' from $38.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, March 17th. TheStreet raised Guess' from a "c" rating to a "b-" rating in a report on Wednesday, March 16th. Zacks Investment Research lowered Guess' from a "buy" rating to a "hold" rating and set a $18.00 target price for the company. in a report on Wednesday, March 9th. StockNews.com raised Guess' from a "hold" rating to a "buy" rating in a report on Monday, April 25th. Finally, Telsey Advisory Group reduced their target price on Guess' from $27.00 to $23.00 and set a "market perform" rating for the company in a report on Friday, March 11th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Guess' has a consensus rating of "Buy" and a consensus target price of $25.67.
Shares of GES opened at $20.90 on Friday. The business has a 50-day moving average of $21.74 and a 200 day moving average of $22.21. Guess' has a fifty-two week low of $16.05 and a fifty-two week high of $31.12. The firm has a market cap of $1.25 billion, a P/E ratio of 8.10 and a beta of 1.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.57.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Wednesday, March 30th were given a dividend of $0.225 per share. The ex-dividend date was Tuesday, March 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.31%. Guess''s dividend payout ratio (DPR) is presently 34.88%.
Guess' announced that its Board of Directors has initiated a share buyback plan on Monday, March 21st that allows the company to buyback $175.00 million in shares. This buyback authorization allows the company to reacquire up to 12.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the company. DB Wealth Management Group LLC bought a new stake in shares of Guess' during the 1st quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Guess' during the 4th quarter valued at about $40,000. US Bancorp DE boosted its position in shares of Guess' by 90.7% during the 3rd quarter. US Bancorp DE now owns 2,258 shares of the company's stock valued at $47,000 after acquiring an additional 1,074 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Guess' by 292.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,342 shares of the company's stock valued at $56,000 after acquiring an additional 1,745 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Guess' by 27.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company's stock valued at $59,000 after acquiring an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.
About Guess' (Get Rating)
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.
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