Guess? (NYSE:GES) Updates Q4 Earnings Guidance

Guess? (NYSE:GES) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.37-1.52 for the period, compared to the consensus earnings per share estimate of $1.96. The company issued revenue guidance of $910.65-939.17 million, compared to the consensus revenue estimate of $980.77 million.

Guess? Stock Down 3.9 %

Guess? stock traded down $0.71 during mid-day trading on Tuesday, reaching $17.33. The stock had a trading volume of 1,608,654 shares, compared to its average volume of 1,112,802. The company has a market capitalization of $891.11 million, a price-to-earnings ratio of 7.27 and a beta of 1.94. The company has a 50-day moving average price of $18.36 and a two-hundred day moving average price of $20.83. Guess? has a one year low of $16.05 and a one year high of $33.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76.

Guess? (NYSE:GES) last posted its earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business had revenue of $732.60 million during the quarter, compared to analysts’ expectations of $729.96 million. During the same period last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts expect that Guess? will post 2.63 EPS for the current fiscal year.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date was Wednesday, September 11th. Guess?’s dividend payout ratio (DPR) is 48.39%.

Wall Street Analysts Forecast Growth

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