Guess’, Inc. (NYSE:GES) to Post Q2 2024 Earnings of $0.64 Per Share, Telsey Advisory Group Forecasts

Guess’, Inc. (NYSE:GES – Get Rating) – Telsey Advisory Group dropped their Q2 2024 earnings per share (EPS) estimates for Guess’ in a research report issued to clients and investors on Wednesday, March 15th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $0.64 for the quarter, down from their previous estimate of $0.65. Telsey Advisory Group currently has a “Market Perform” rating and a $23.00 price target on the stock. The consensus estimate for Guess”s current full-year earnings is $3.40 per share. Telsey Advisory Group also issued estimates for Guess”s Q3 2024 earnings at $0.67 EPS.

Several other analysts have also issued reports on the company. StockNews.com started coverage on Guess’ in a report on Thursday. They set a “hold” rating for the company. TheStreet raised shares of Guess’ from a “c” rating to a “b” rating in a research report on Tuesday.

Guess’ Price Performance

Shares of NYSE:GES opened at $20.07 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.79 and a debt-to-equity ratio of 2.15. Guess’ has a 1 year low of $14.27 and a 1 year high of $24.66. The business has a fifty day simple moving average of $22.08 and a 200 day simple moving average of $19.40. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 10.85 and a beta of 1.87.

Guess’ (NYSE:GES – Get Rating) last announced its quarterly earnings data on Tuesday, March 14th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.44. Guess’ had a return on equity of 27.89% and a net margin of 4.58%. The business had revenue of $817.78 million during the quarter, compared to analyst estimates of $772.00 million. During the same period last year, the company earned $1.14 earnings per share. Guess”s quarterly revenue was up 2.2% compared to the same quarter last year.

Guess’ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 29th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.48%. The ex-dividend date is Tuesday, March 28th. Guess”s payout ratio is 48.65%.

Hedge Funds Weigh In On Guess’

Several hedge funds have recently bought and sold shares of the business. Amundi acquired a new stake in shares of Guess’ in the second quarter valued at about $25,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Guess’ in the fourth quarter valued at about $40,000. PNC Financial Services Group Inc. grew its position in shares of Guess’ by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after purchasing an additional 581 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Guess’ by 244.9% in the third quarter. Nisa Investment Advisors LLC now owns 4,267 shares of the company’s stock valued at $65,000 after purchasing an additional 3,030 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Guess’ by 10.2% in the third quarter. Mutual of America Capital Management LLC now owns 6,640 shares of the company’s stock valued at $97,000 after purchasing an additional 617 shares during the last quarter. 58.81% of the stock is owned by institutional investors and hedge funds.

Guess’ Company Profile

(Get Rating)

Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.