Guess’, Inc. (NYSE:GES – Get Rating) – Equities researchers at Jefferies Financial Group cut their Q1 2024 EPS estimates for shares of Guess’ in a research note issued to investors on Tuesday, March 14th. Jefferies Financial Group analyst C. Tarlowe now forecasts that the company will post earnings of ($0.29) per share for the quarter, down from their prior forecast of $0.52. The consensus estimate for Guess”s current full-year earnings is $2.63 per share. Jefferies Financial Group also issued estimates for Guess”s Q2 2024 earnings at $0.19 EPS, Q3 2024 earnings at $0.63 EPS, Q4 2024 earnings at $2.11 EPS, FY2024 earnings at $2.62 EPS and FY2025 earnings at $3.00 EPS.
Guess’ (NYSE:GES – Get Rating) last announced its quarterly earnings results on Tuesday, March 14th. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.44. The business had revenue of $817.78 million during the quarter, compared to analyst estimates of $772.00 million. Guess’ had a net margin of 5.57% and a return on equity of 36.44%. Guess”s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 EPS.
Guess’ Stock Performance
Shares of GES stock opened at $19.17 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of 8.60 and a beta of 1.87. The firm has a fifty day simple moving average of $22.01 and a two-hundred day simple moving average of $19.41. 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 12 month low of $14.27 and a 12 month high of $24.66.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Amundi bought a new position in shares of Guess’ in the second quarter worth approximately $25,000. Coppell Advisory Solutions Corp. bought a new position in Guess’ during the fourth quarter valued at approximately $40,000. B. Riley Wealth Management Inc. bought a new position in Guess’ during the second quarter valued at approximately $42,625,000. PNC Financial Services Group Inc. grew its position in Guess’ by 27.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after acquiring an additional 581 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Guess’ by 244.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,267 shares of the company’s stock valued at $65,000 after acquiring an additional 3,030 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors.
Guess’ Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 29th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Tuesday, March 28th. Guess”s payout ratio is 40.36%.
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.
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