Guess?, Inc. (GES) to Issue Quarterly Dividend of $0.23 on December 26th

Guess?, Inc. (NYSE:GES) announced a quarterly dividend on Tuesday, November 25th. Stockholders of record on Wednesday, December 10th will be given a dividend of 0.225 per share on Friday, December 26th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, December 10th.

Guess? has raised its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Guess? has a payout ratio of 52.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Guess? to earn $2.38 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 37.8%.

Guess? Stock Performance

Shares of GES opened at $17.07 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The firm has a market cap of $889.97 million, a PE ratio of 106.66 and a beta of 1.28. The company’s 50 day simple moving average is $16.88 and its 200-day simple moving average is $14.61. Guess? has a 12-month low of $8.48 and a 12-month high of $17.43.

Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. Guess? had a net margin of 1.01% and a return on equity of 16.44%. The firm had revenue of $791.43 million during the quarter, compared to the consensus estimate of $767.93 million. During the same quarter in the prior year, the firm earned $0.34 EPS. Guess?’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts predict that Guess? will post 1.92 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GES shares. Telsey Advisory Group reissued a “market perform” rating and set a $16.75 price target on shares of Guess? in a report on Wednesday. Zacks Research downgraded Guess? from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Small Cap Consu lowered Guess? from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. UBS Group upped their price target on Guess? from $13.00 to $16.75 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Guess? in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.75.

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.