Guess?, Inc. Announces Quarterly Dividend of $0.23 (GES)
Guess?, Inc. (NYSE:GES) announced a quarterly dividend on Tuesday, November 21st, RTT News reports. Stockholders of record on Wednesday, December 13th will be paid a dividend of 0.225 per share on Wednesday, January 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.01%.
Guess? has raised its dividend by an average of 4.0% annually over the last three years and has raised its dividend every year for the last 3 years. Guess? has a payout ratio of 157.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Guess? to earn $0.75 per share next year, which means the company may not be able to cover its $0.90 annual dividend with an expected future payout ratio of 120.0%.
Guess? (NYSE:GES) opened at $17.95 on Wednesday. Guess? has a 1 year low of $9.56 and a 1 year high of $18.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.78. The stock has a market capitalization of $1,480.49, a PE ratio of 37.83, a PEG ratio of 1.78 and a beta of 0.41.
Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The company had revenue of $554.00 million during the quarter, compared to the consensus estimate of $569.75 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. research analysts predict that Guess? will post 0.57 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. BidaskClub downgraded Guess? from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. B. Riley reaffirmed a “buy” rating on shares of Guess? in a research report on Wednesday, November 1st. Cowen and Company reissued a “hold” rating and issued a $17.00 price objective on shares of Guess? in a research report on Wednesday. Standpoint Research cut Guess? from a “buy” rating to a “hold” rating and set a $13.91 price objective on the stock. in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut Guess? from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Guess? presently has a consensus rating of “Hold” and an average target price of $14.10.
In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total value of $96,180.00. Following the completion of the transaction, the director now owns 42,433 shares of the company’s stock, valued at approximately $680,200.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.60% of the stock is currently owned by corporate insiders.
Guess? Company Profile
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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