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

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

Guess? Trading Down 5.4 %

GES stock opened at $16.39 on Thursday. Guess? has a 52 week low of $15.24 and a 52 week high of $33.50. The company has a market capitalization of $842.81 million, a PE ratio of 6.61 and a beta of 1.94. The company’s 50-day simple moving average is $18.26 and its 200 day simple moving average is $20.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 1.47.

Guess? Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Wednesday, December 11th. Guess?’s dividend payout ratio is currently 48.39%.

Wall Street Analysts Forecast Growth

GES has been the topic of several research analyst reports. Telsey Advisory Group dropped their price objective on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday. UBS Group lowered their price target on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. Four investment 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 a consensus 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.