Guess?, Inc. (GES) to Post FY2018 Earnings of $0.60 Per Share, Jefferies Group Forecasts
Guess?, Inc. (NYSE:GES) – Equities researchers at Jefferies Group increased their FY2018 earnings estimates for shares of Guess? in a report issued on Wednesday. Jefferies Group analyst R. Konik now anticipates that the company will post earnings of $0.60 per share for the year, up from their previous forecast of $0.56. 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.
A number of other brokerages have also recently weighed in on GES. Cowen Inc reiterated a “hold” rating and issued a $17.00 price target on shares of Guess? in a research report on Wednesday. Zacks Investment Research cut Guess? from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 27th. B. Riley reiterated a “buy” rating on shares of Guess? in a research report on Wednesday, November 1st. Evercore ISI began coverage on Guess? in a research report on Friday, August 25th. They issued a “buy” rating on the stock. Finally, Standpoint Research cut Guess? from a “buy” rating to a “hold” rating and set a $13.91 price target on the stock. in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Guess? presently has a consensus rating of “Hold” and an average target price of $14.77.
Shares of Guess? (NYSE GES) traded down $0.29 during trading hours on Thursday, reaching $15.33. The company’s stock had a trading volume of 2,640,000 shares, compared to its average volume of 1,370,000. Guess? has a 52-week low of $9.56 and a 52-week high of $18.30. The company has a market capitalization of $1,250.00, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.44 and a beta of 0.41. The company has a quick ratio of 1.62, a current ratio of 2.58 and a debt-to-equity ratio of 0.04.
Guess? (NYSE:GES) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $569.75 million. Guess? had a positive return on equity of 4.37% and a negative net margin of 0.10%. Guess?’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Tuesday, December 12th. Guess?’s payout ratio is presently -2,250.00%.
In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.03, for a total transaction of $96,180.00. Following the sale, the director now owns 42,433 shares in the company, valued at $680,200.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 29.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Guess? by 6.6% during the first quarter. Vanguard Group Inc. now owns 5,597,271 shares of the company’s stock worth $62,410,000 after purchasing an additional 345,970 shares during the last quarter. State Street Corp grew its holdings in shares of Guess? by 2.0% during the second quarter. State Street Corp now owns 3,839,229 shares of the company’s stock worth $49,066,000 after purchasing an additional 75,571 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Guess? by 21.3% during the third quarter. Bank of New York Mellon Corp now owns 3,343,471 shares of the company’s stock worth $56,938,000 after purchasing an additional 587,533 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Guess? by 15.3% during the second quarter. Wells Fargo & Company MN now owns 1,820,710 shares of the company’s stock worth $23,268,000 after purchasing an additional 241,295 shares during the last quarter. Finally, Contrarius Investment Management Ltd grew its holdings in shares of Guess? by 7.0% during the third quarter. Contrarius Investment Management Ltd now owns 1,087,507 shares of the company’s stock worth $18,520,000 after purchasing an additional 71,204 shares during the last quarter. Institutional investors own 77.88% of the company’s stock.
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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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