Guess? (NYSE:GES) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Guess? (NYSE:GES) announced its quarterly earnings data on Tuesday. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.16, MarketWatch Earnings reports. Guess? had a return on equity of 34.26% and a net margin of 7.18%. The business had revenue of $643.07 million during the quarter, compared to the consensus estimate of $611.30 million. During the same period in the previous year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis.

NYSE GES traded up $2.43 on Thursday, reaching $23.73. The stock had a trading volume of 2,935,149 shares, compared to its average volume of 806,230. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 1.77. Guess? has a 12-month low of $15.65 and a 12-month high of $31.12. The business’s 50-day moving average price is $21.65 and its 200 day moving average price is $23.88. The stock has a market cap of $1.54 billion, a P/E ratio of 9.23 and a beta of 2.16.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 24th. Investors of record on Wednesday, December 8th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.79%. This is an increase from Guess?’s previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, December 7th. Guess?’s dividend payout ratio is 17.51%.

GES has been the subject of a number of analyst reports. Zacks Investment Research raised Guess? from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Thursday. Telsey Advisory Group lowered their price target on Guess? from $33.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday, August 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in Guess? by 38.8% in the second quarter. Morgan Stanley now owns 565,208 shares of the company’s stock valued at $14,922,000 after buying an additional 157,855 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Guess? by 1.4% during the third quarter. Royal Bank of Canada now owns 53,148 shares of the company’s stock worth $1,117,000 after purchasing an additional 725 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Guess? by 53.1% during the second quarter. Wells Fargo & Company MN now owns 48,673 shares of the company’s stock worth $1,285,000 after purchasing an additional 16,879 shares during the last quarter. Institutional investors own 63.64% of the company’s stock.

Guess? announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 12.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

About Guess?

Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.

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Earnings History for Guess? (NYSE:GES)

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