Zacks: Analysts Expect Guess’, Inc. (NYSE:GES) to Post $0.74 EPS

Equities analysts expect Guess’, Inc. (NYSE:GES) to report earnings of $0.74 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Guess”s earnings. The lowest EPS estimate is $0.67 and the highest is $0.85. Guess’ posted earnings per share of ($0.01) during the same quarter last year, which would suggest a positive year over year growth rate of 7,500%. The company is expected to issue its next earnings results on Wednesday, September 1st.

On average, analysts expect that Guess’ will report full-year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.34 to $2.44. For the next year, analysts expect that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.61 to $2.96. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Guess’.

Guess’ (NYSE:GES) last released its earnings results on Wednesday, May 26th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.41. The company had revenue of $520.00 million during the quarter, compared to analysts’ expectations of $497.92 million. Guess’ had a return on equity of 24.71% and a net margin of 4.14%. The business’s revenue for the quarter was up 99.8% on a year-over-year basis. During the same period last year, the firm earned ($1.81) EPS.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Guess’ from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Friday, May 21st. B. Riley lifted their target price on Guess’ from $33.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 28th. Finally, Telsey Advisory Group lifted their target price on Guess’ from $27.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, May 28th.

In other Guess’ news, insider Paul Marciano sold 30,000 shares of Guess’ stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $27.43, for a total transaction of $822,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gianluca Bolla sold 2,963 shares of the business’s stock in a transaction dated Wednesday, April 14th. The shares were sold at an average price of $27.00, for a total value of $80,001.00. Following the completion of the sale, the director now owns 87,905 shares in the company, valued at $2,373,435. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,963 shares of company stock worth $1,706,001. Corporate insiders own 41.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Guess’ by 62.9% in the fourth quarter. US Bancorp DE now owns 1,184 shares of the company’s stock valued at $27,000 after purchasing an additional 457 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Guess’ during the first quarter worth about $29,000. Meeder Asset Management Inc. raised its holdings in Guess’ by 5,684.6% during the first quarter. Meeder Asset Management Inc. now owns 1,504 shares of the company’s stock worth $37,000 after acquiring an additional 1,478 shares in the last quarter. Captrust Financial Advisors raised its holdings in Guess’ by 5,101.3% during the first quarter. Captrust Financial Advisors now owns 3,901 shares of the company’s stock worth $92,000 after acquiring an additional 3,826 shares in the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in Guess’ during the first quarter worth about $106,000. Institutional investors own 64.99% of the company’s stock.

Shares of NYSE GES traded up $0.22 during midday trading on Friday, hitting $27.40. The stock had a trading volume of 5,676 shares, compared to its average volume of 786,093. The stock has a 50-day simple moving average of $27.98. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 20.13 and a beta of 2.24. Guess’ has a fifty-two week low of $8.40 and a fifty-two week high of $31.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.11 and a current ratio of 1.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Wednesday, June 9th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Tuesday, June 8th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.64%. Guess”s dividend payout ratio (DPR) is presently -642.86%.

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, knitwear, and intimate apparel.

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Earnings History and Estimates for Guess` (NYSE:GES)

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