Tailored Brands (NYSE:TLRD) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.40-0.45 for the period, compared to the Thomson Reuters consensus estimate of $0.88.

Shares of TLRD traded up $0.39 during trading hours on Wednesday, reaching $7.17. 4,611,306 shares of the stock traded hands, compared to its average volume of 2,374,060. The company has a current ratio of 1.39, a quick ratio of 0.22 and a debt-to-equity ratio of 317.61. Tailored Brands has a 52-week low of $4.21 and a 52-week high of $28.78. The company’s 50-day moving average price is $5.03 and its two-hundred day moving average price is $6.96. The company has a market cap of $312.71 million, a P/E ratio of 3.10 and a beta of 1.83.

Tailored Brands (NYSE:TLRD) last issued its earnings results on Wednesday, June 12th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.06. Tailored Brands had a net margin of 2.39% and a return on equity of 4,518.17%. The company had revenue of $781.40 million during the quarter, compared to the consensus estimate of $776.22 million. During the same quarter in the prior year, the firm posted $0.50 EPS. Tailored Brands’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts forecast that Tailored Brands will post 1.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.72 dividend on an annualized basis and a yield of 10.04%. Tailored Brands’s dividend payout ratio is presently 31.17%.

TLRD has been the topic of several research analyst reports. Zacks Investment Research lowered Tailored Brands from a hold rating to a sell rating in a research note on Wednesday, August 28th. B. Riley cut their target price on Tailored Brands from $7.00 to $10.00 and set a neutral rating for the company in a research report on Thursday, June 13th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of $17.00.

Tailored Brands Company Profile

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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