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

Guess? (NYSE:GES) released its quarterly earnings data 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 return on equity of 24.18% and a net margin of 6.05%. 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 prior year, the company posted $0.49 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis.

Guess? Stock Performance

NYSE GES traded down $0.67 during midday trading on Tuesday, hitting $17.37. The company had a trading volume of 1,754,193 shares, compared to its average volume of 1,113,588. The firm has a fifty day simple moving average of $18.36 and a two-hundred day simple moving average of $20.83. The stock has a market cap of $893.17 million, a price-to-earnings ratio of 6.99 and a beta of 1.94. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. Guess? has a fifty-two week low of $16.05 and a fifty-two week high of $33.50.

Guess? Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GES. Telsey Advisory Group lowered 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 reduced their price objective on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating for the company in a research note 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’s stock. According to data from MarketBeat.com, 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.