Guess? (NYSE:GES) Updates Q4 Earnings Guidance

Guess? (NYSE:GES) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.37-1.52 for the period, compared to the consensus estimate of $1.96. The company issued revenue guidance of $910.65-939.17 million, compared to the consensus revenue estimate of $980.77 million.

Analyst Ratings Changes

GES has been the subject of a number of research reports. Telsey Advisory Group cut their price objective on Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday, August 29th. UBS Group decreased their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.25.

Guess? Trading Down 3.9 %

NYSE:GES traded down $0.71 during trading hours on Tuesday, hitting $17.33. The company had a trading volume of 1,524,576 shares, compared to its average volume of 1,112,802. 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 stock has a 50-day moving average price of $18.36 and a 200 day moving average price of $20.83. The company has a market capitalization of $891.11 million, a PE ratio of 6.99 and a beta of 1.94. Guess? has a 52 week low of $16.05 and a 52 week high of $33.50.

Guess? (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company had revenue of $732.60 million for the quarter, compared to analysts’ expectations of $729.96 million. During the same quarter in the prior year, the firm earned $0.72 EPS. Guess?’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Guess? will post 2.63 EPS for the current fiscal year.

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 11th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.92%. Guess?’s dividend payout ratio is presently 48.39%.

About Guess?

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.