Oxford Industries (NYSE:OXM) Issues Q2 2019 Earnings Guidance
Oxford Industries (NYSE:OXM) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.93. The company issued revenue guidance of $300-310 million, compared to the consensus revenue estimate of $313.1 million.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.
OXM stock traded down $1.59 during trading hours on Wednesday, reaching $68.80. The stock had a trading volume of 431,545 shares, compared to its average volume of 159,330. The stock has a market cap of $1.19 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.55 and a beta of 0.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77. Oxford Industries has a fifty-two week low of $63.50 and a fifty-two week high of $97.19.
Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Thursday, March 28th. The textile maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $298.54 million during the quarter, compared to analysts’ expectations of $301.84 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. As a group, equities research analysts anticipate that Oxford Industries will post 4.56 EPS for the current fiscal year.
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About Oxford Industries
Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.
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