Guess?, Inc. (GES) to Post FY2018 Earnings of $0.60 Per Share, Jefferies Group Forecasts
Guess?, Inc. (NYSE:GES) – Analysts at Jefferies Group issued their FY2018 EPS estimates for Guess? in a research note issued on Tuesday. Jefferies Group analyst J. Stichter expects that the company will post earnings per share of $0.60 for the year. Jefferies Group has a “Hold” rating and a $13.00 price objective on the stock. Jefferies Group also issued estimates for Guess?’s Q4 2018 earnings at $0.51 EPS and FY2019 earnings at $0.90 EPS.
GES has been the subject of several other research reports. Zacks Investment Research cut shares of Guess? from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 27th. B. Riley initiated coverage on shares of Guess? in a research note on Friday, December 22nd. They set a “neutral” rating and a $17.00 price objective for the company. Finally, Cowen reaffirmed a “hold” rating and set a $17.00 price objective on shares of Guess? in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.10.
Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $554.00 million during the quarter, compared to analysts’ expectations of $569.75 million. Guess? had a negative net margin of 0.10% and a positive return on equity of 4.35%. Guess?’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share.
Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Guess? in the 2nd quarter worth approximately $129,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Guess? in the 2nd quarter worth approximately $166,000. Piedmont Investment Advisors LLC bought a new stake in shares of Guess? in the 2nd quarter worth approximately $168,000. Bridgewater Associates LP bought a new stake in shares of Guess? in the 2nd quarter worth approximately $185,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Guess? by 1,461.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,400 shares of the company’s stock worth $197,000 after acquiring an additional 14,414 shares during the last quarter. 82.38% of the stock is owned by institutional investors and hedge funds.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $17.73, for a total value of $70,920.00. Following the completion of the transaction, the director now owns 38,433 shares of the company’s stock, valued at approximately $681,417.09. The transaction was disclosed in a filing with the SEC, which is available through this link. 29.60% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a $0.225 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.90 dividend on an annualized basis and a yield of 5.46%. Guess?’s dividend payout ratio is presently -2,250.00%.
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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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