Guess? (NYSE:GES) Releases Earnings Results, Misses Expectations By $0.03 EPS

Guess? (NYSE:GES) announced its earnings results on Tuesday. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), Briefing.com reports. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business had revenue of $738.52 million for the quarter, compared to the consensus estimate of $747.36 million. During the same quarter in the prior year, the company earned $0.49 EPS. Guess?’s revenue was up 13.4% compared to the same quarter last year. Guess? updated its Q4 guidance to $1.37-1.52 EPS.

Guess? Price Performance

Shares of GES stock traded down $0.67 during mid-day trading on Tuesday, hitting $17.37. The company had a trading volume of 1,754,193 shares, compared to its average volume of 1,113,588. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.47 and a quick ratio of 0.76. The company has a market capitalization of $893.17 million, a P/E ratio of 6.99 and a beta of 1.94. The stock’s 50 day moving average price is $18.36 and its 200-day moving average price is $20.83. Guess? has a 52-week low of $16.05 and a 52-week high of $33.50.

Guess? Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a yield of 6.91%. Guess?’s payout ratio is presently 48.39%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group cut their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group reduced their price target on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Guess? presently has an average rating of “Hold” and an average target price of $27.25.

Guess? Company Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.