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

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

Guess? Stock Performance

NYSE:GES opened at $16.39 on Thursday. The firm has a market capitalization of $842.81 million, a PE ratio of 6.61 and a beta of 1.94. Guess? has a 1 year low of $15.24 and a 1 year 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’s fifty day simple moving average is $18.26 and its 200 day simple moving average is $20.74.

Guess? Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.20 annualized dividend and a yield of 7.32%. Guess?’s dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. Telsey Advisory Group lowered their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.00.

About Guess?

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.