Weyco Group (NASDAQ:WEYS) Issues Quarterly Earnings Results

Weyco Group (NASDAQ:WEYS) posted its quarterly earnings results on Tuesday. The textile maker reported $1.04 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $80.47 million for the quarter. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Weyco Group Price Performance

Shares of WEYS opened at $32.17 on Thursday. The company has a 50-day moving average of $35.74 and a two-hundred day moving average of $35.05. The stock has a market cap of $307.51 million, a price-to-earnings ratio of 10.65 and a beta of 0.69. Weyco Group has a one year low of $27.05 and a one year high of $41.05.

Weyco Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 14th. Weyco Group’s dividend payout ratio is presently 34.44%.

Analyst Ratings Changes

Separately, StockNews.com cut Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

About Weyco Group

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.