Wall Street brokerages forecast that Guess?, Inc. (NYSE:GES) will report sales of $559.14 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Guess?’s earnings. The highest sales estimate is $561.27 million and the lowest is $557.00 million. Guess? posted sales of $544.96 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The business is expected to issue its next quarterly earnings report on Wednesday, August 23rd.
According to Zacks, analysts expect that Guess? will report full-year sales of $559.14 million for the current year, with estimates ranging from $2.27 billion to $2.30 billion. For the next financial year, analysts expect that the firm will post sales of $2.36 billion per share, with estimates ranging from $2.33 billion to $2.39 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Guess?.
Guess? (NYSE:GES) last announced its earnings results on Wednesday, May 24th. The company reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.08. Guess? had a return on equity of 3.67% and a net margin of 1.20%. The business had revenue of $458.60 million during the quarter, compared to the consensus estimate of $449.22 million. During the same period in the prior year, the company posted ($0.23) EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis.
Several equities analysts recently issued reports on GES shares. Cowen and Company set a $11.00 price objective on Guess? and gave the stock a “hold” rating in a report on Friday, July 28th. BidaskClub cut Guess? from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Guess? from a “sell” rating to a “hold” rating in a report on Monday, May 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price objective on shares of Guess? in a report on Friday, July 14th. Finally, FBR & Co set a $16.00 price objective on Guess? and gave the stock a “buy” rating in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.89.
In related news, CEO Amigo Victor Herrero purchased 3,274 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was bought at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the acquisition, the chief executive officer now directly owns 392,848 shares in the company, valued at approximately $4,596,321.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 29.60% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Guess? during the fourth quarter worth approximately $1,932,000. Teachers Advisors LLC increased its stake in shares of Guess? by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 99,060 shares of the company’s stock worth $1,199,000 after buying an additional 2,148 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Guess? by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 25,100 shares of the company’s stock worth $280,000 after buying an additional 300 shares in the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Guess? by 10.1% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 304,784 shares of the company’s stock worth $3,398,000 after buying an additional 27,900 shares in the last quarter. Finally, Trust Department MB Financial Bank N A acquired a new stake in shares of Guess? during the first quarter worth approximately $112,000. 77.85% of the stock is owned by institutional investors and hedge funds.
Shares of Guess? (NYSE:GES) opened at 13.33 on Friday. The stock has a market capitalization of $1.11 billion, a PE ratio of 42.72 and a beta of 0.42. Guess? has a 12 month low of $9.56 and a 12 month high of $18.68. The company’s 50 day moving average price is $12.74 and its 200 day moving average price is $11.93.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Guess? Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? Inc. and related companies with MarketBeat.com's FREE daily email newsletter.