Guess? (NYSE:GES) Issues Earnings Results

Guess? (NYSE:GES) posted its quarterly earnings data on Thursday. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07, Briefing.com reports. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The firm had revenue of $932.25 million during the quarter, compared to analyst estimates of $916.75 million. During the same quarter last year, the business posted $2.01 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis.

Guess? Stock Up 8.6 %

GES stock opened at $10.91 on Friday. Guess? has a twelve month low of $9.24 and a twelve month high of $31.04. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average of $11.60 and a 200 day moving average of $14.85. The firm has a market cap of $561.14 million, a PE ratio of 9.16 and a beta of 1.43.

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.00%. The ex-dividend date is Wednesday, April 16th. Guess?’s dividend payout ratio is currently 100.84%.

Guess? announced that its Board of Directors has authorized a share buyback program on Tuesday, March 25th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 38.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $13.00 target price on shares of Guess? in a research report on Friday. UBS Group reduced their target price on Guess? from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Guess? Company Profile

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.