Guess? (NYSE:GES) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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

Guess? Stock Down 3.7 %

Shares of GES traded down $0.67 on Tuesday, reaching $17.37. The company’s stock had a trading volume of 1,754,193 shares, compared to its average volume of 1,113,588. Guess? has a twelve month low of $16.05 and a twelve month high of $33.50. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average of $18.36 and a 200-day moving average of $20.83. The stock has a market capitalization of $893.17 million, a PE ratio of 6.99 and a beta of 1.94.

Guess? Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 annualized dividend and a dividend yield of 6.91%. Guess?’s dividend payout ratio is presently 48.39%.

Analysts Set New Price Targets

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

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.