Wall Street brokerages forecast that Tailored Brands Inc (NYSE:TLRD) will report $0.15 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Tailored Brands’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.16. Tailored Brands reported earnings per share of $0.50 in the same quarter last year, which suggests a negative year over year growth rate of 70%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, June 12th.

According to Zacks, analysts expect that Tailored Brands will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.92. For the next financial year, analysts expect that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $2.12 to $2.16. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tailored Brands.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.01. Tailored Brands had a net margin of 2.57% and a negative return on equity of 1,944.45%. The business had revenue of $785.76 million during the quarter, compared to the consensus estimate of $801.24 million. The business’s revenue was down 8.6% on a year-over-year basis.

Several equities analysts have weighed in on the company. B. Riley cut Tailored Brands from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $11.00 in a research note on Thursday, March 14th. Zacks Investment Research cut Tailored Brands from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.00.

In other news, CAO Brian T. Vaclavik acquired 4,250 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of $8.16 per share, for a total transaction of $34,680.00. Following the purchase, the chief accounting officer now owns 19,699 shares of the company’s stock, valued at approximately $160,743.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carrie Ann Ask acquired 13,500 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of $7.41 per share, for a total transaction of $100,035.00. Following the completion of the purchase, the insider now directly owns 20,962 shares in the company, valued at approximately $155,328.42. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Tailored Brands by 0.5% during the 4th quarter. BlackRock Inc. now owns 7,127,298 shares of the company’s stock valued at $97,216,000 after buying an additional 36,126 shares in the last quarter. Gotham Asset Management LLC grew its holdings in shares of Tailored Brands by 31.2% during the fourth quarter. Gotham Asset Management LLC now owns 421,915 shares of the company’s stock worth $5,755,000 after purchasing an additional 100,390 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Tailored Brands by 7.8% during the third quarter. Vanguard Group Inc now owns 11,419,406 shares of the company’s stock worth $287,654,000 after purchasing an additional 826,922 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Tailored Brands during the fourth quarter worth about $390,000. Finally, HRT Financial LLC purchased a new position in shares of Tailored Brands during the fourth quarter worth about $410,000.

NYSE TLRD opened at $8.23 on Wednesday. Tailored Brands has a 12-month low of $7.36 and a 12-month high of $35.94. The company has a debt-to-equity ratio of 317.61, a current ratio of 1.91 and a quick ratio of 0.37. The firm has a market capitalization of $412.99 million, a P/E ratio of 3.56 and a beta of 1.70.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date of this dividend is Monday, June 17th. Tailored Brands’s payout ratio is 31.17%.

About Tailored Brands

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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Earnings History and Estimates for Tailored Brands (NYSE:TLRD)

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