Guess? (GES) to Release Quarterly Earnings on Tuesday

Guess? (NYSE:GES) is set to issue its quarterly earnings data after the market closes on Tuesday, November 21st. Analysts expect the company to announce earnings of $0.62 per share for the quarter.

Guess? (NYSE:GES) last announced its earnings results on Wednesday, August 23rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.32. The company had revenue of $664.51 million for the quarter, compared to analyst estimates of $640.50 million. Guess? had a return on equity of 31.02% and a net margin of 5.40%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. On average, analysts expect Guess? to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Guess? Price Performance

Shares of NYSE GES opened at $23.38 on Wednesday. Guess? has a fifty-two week low of $17.21 and a fifty-two week high of $24.84. The company has a market cap of $1.25 billion, a PE ratio of 10.98 and a beta of 1.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 1.47. The business has a 50-day simple moving average of $21.98 and a two-hundred day simple moving average of $20.72.

Guess? Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Wednesday, September 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Tuesday, September 5th. Guess?’s payout ratio is currently 56.34%.

Analyst Ratings Changes

GES has been the topic of a number of recent analyst reports. B. Riley assumed coverage on shares of Guess? in a research note on Monday, September 11th. They set a “buy” rating and a $31.00 price target on the stock. TheStreet raised Guess? from a “c+” rating to a “b” rating in a research report on Wednesday, August 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Guess? in a research report on Thursday, August 24th. Finally, StockNews.com began coverage on Guess? in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Guess? presently has an average rating of “Moderate Buy” and a consensus target price of $25.33.

Insider Buying and Selling

In other news, Director Deborah Weinswig sold 6,896 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $23.03, for a total value of $158,814.88. Following the completion of the transaction, the director now owns 19,173 shares of the company’s stock, valued at approximately $441,554.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 41.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guess?

Several large investors have recently made changes to their positions in GES. Coppell Advisory Solutions Corp. purchased a new position in Guess? in the fourth quarter valued at $40,000. Quarry LP acquired a new position in Guess? in the 1st quarter worth about $45,000. PNC Financial Services Group Inc. boosted 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 worth $59,000 after purchasing an additional 581 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Guess? by 732.9% in the first quarter. Tower Research Capital LLC TRC now owns 2,807 shares of the company’s stock valued at $55,000 after purchasing an additional 2,470 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Guess? by 34.7% in the first quarter. Captrust Financial Advisors now owns 5,175 shares of the company’s stock valued at $114,000 after buying an additional 1,334 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

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, activewear, knitwear, and intimate apparel.