Guess? (NYSE:GES) Releases Earnings Results, Misses Expectations By $0.03 EPS

Guess? (NYSE:GES) issued its earnings results on Tuesday. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), Briefing.com reports. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The firm had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year.

Guess? Stock Down 3.7 %

Shares of NYSE GES traded down $0.67 during mid-day trading on Tuesday, reaching $17.37. 1,754,193 shares of the company’s stock were exchanged, compared to its average volume of 1,113,588. Guess? has a twelve month low of $16.05 and a twelve month high of $33.50. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $893.17 million, a price-to-earnings ratio of 6.99 and a beta of 1.94. The business has a fifty day simple moving average of $18.36 and a 200 day simple moving average of $20.83.

Guess? Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.91%. Guess?’s payout ratio is 48.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GES shares. Telsey Advisory Group cut their target price on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, August 29th. UBS Group dropped their price objective on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.25.

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.