Guess?, Inc. (NYSE:GES) to Issue $0.30 Quarterly Dividend

Guess?, Inc. (NYSE:GES) declared a quarterly dividend on Tuesday, November 26th,Wall Street Journal reports. Stockholders of record on Wednesday, December 11th will be paid a dividend of 0.30 per share on Friday, December 27th. This represents a $1.20 annualized dividend and a dividend yield of 7.32%. The ex-dividend date is Wednesday, December 11th.

Guess? has raised its dividend by an average of 71.0% per year over the last three years. Guess? has a dividend payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Guess? to earn $2.87 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 41.8%.

Guess? Trading Down 5.4 %

Guess? stock traded down $0.94 during mid-day trading on Wednesday, hitting $16.39. 2,297,469 shares of the company’s stock were exchanged, compared to its average volume of 1,119,069. The company’s 50 day simple moving average is $18.32 and its 200-day simple moving average is $20.77. The firm has a market capitalization of $842.77 million, a P/E ratio of 6.68 and a beta of 1.94. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01. Guess? has a fifty-two week low of $15.24 and a fifty-two week high of $33.50.

Guess? (NYSE:GES) last announced its earnings results on Tuesday, November 26th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). 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 analysts’ expectations of $747.36 million. During the same period in the prior year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that Guess? will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday. Telsey Advisory Group decreased their price objective on Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.00.

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.