Guess?, Inc. to Issue Quarterly Dividend of $0.30 (NYSE:GES)

Guess?, Inc. (NYSE:GES) declared a quarterly dividend on Tuesday, November 26th,Wall Street Journal reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.30 per share on Friday, December 27th. This represents a $1.20 annualized dividend and a yield of 7.32%. The ex-dividend date is Wednesday, December 11th.

Guess? has increased its dividend payment by an average of 71.0% per year over the last three years. Guess? has a dividend payout ratio of 43.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Guess? to earn $2.87 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 41.8%.

Guess? Price Performance

Shares of GES stock traded down $0.94 during trading hours on Wednesday, hitting $16.39. 2,297,469 shares of the company’s stock were exchanged, compared to its average volume of 1,119,069. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. The firm has a market cap of $842.77 million, a P/E ratio of 6.68 and a beta of 1.94. The firm has a 50 day moving average of $18.32 and a two-hundred day moving average of $20.77. Guess? has a fifty-two week low of $15.24 and a fifty-two week high of $33.50.

Guess? (NYSE:GES) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business had revenue of $738.52 million during the quarter, compared to analysts’ expectations of $747.36 million. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts forecast that Guess? will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

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