Guess?, Inc. (NYSE:GES) – Research analysts at B. Riley increased their FY2018 earnings per share (EPS) estimates for Guess? in a note issued to investors on Monday. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $0.63 per share for the year, up from their previous forecast of $0.60. B. Riley currently has a “Buy” rating and a $17.00 target price on the stock. B. Riley also issued estimates for Guess?’s Q4 2018 earnings at $0.54 EPS, Q1 2019 earnings at ($0.15) EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.22 EPS.
Guess? (NYSE:GES) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Guess? had a positive return on equity of 4.35% and a negative net margin of 0.10%. The company had revenue of $554.00 million for the quarter, compared to analyst estimates of $569.75 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis.
Guess? (NYSE GES) traded up $0.21 during midday trading on Tuesday, hitting $16.00. The company had a trading volume of 435,441 shares, compared to its average volume of 1,291,794. The company has a quick ratio of 1.36, a current ratio of 2.58 and a debt-to-equity ratio of 0.04. Guess? has a one year low of $9.56 and a one year high of $19.62. The company has a market capitalization of $1,294.99, a price-to-earnings ratio of -394.75, a PEG ratio of 1.02 and a beta of 0.42.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Guess? by 3.8% in the fourth quarter. BlackRock Inc. now owns 7,609,354 shares of the company’s stock worth $128,445,000 after purchasing an additional 278,347 shares during the last quarter. State Street Corp raised its stake in shares of Guess? by 2.0% in the second quarter. State Street Corp now owns 3,839,229 shares of the company’s stock worth $49,066,000 after purchasing an additional 75,571 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Guess? by 21.3% in the third quarter. Bank of New York Mellon Corp now owns 3,343,471 shares of the company’s stock worth $56,938,000 after purchasing an additional 587,533 shares during the last quarter. Majedie Asset Management Ltd raised its stake in shares of Guess? by 52.2% in the fourth quarter. Majedie Asset Management Ltd now owns 1,102,306 shares of the company’s stock worth $18,607,000 after purchasing an additional 378,106 shares during the last quarter. Finally, Contrarius Investment Management Ltd raised its stake in shares of Guess? by 7.0% in the third quarter. Contrarius Investment Management Ltd now owns 1,087,507 shares of the company’s stock worth $18,520,000 after purchasing an additional 71,204 shares during the last quarter. Hedge funds and other institutional investors own 79.12% of the company’s stock.
In other Guess? news, Director Kay Isaacson-Leibowitz sold 4,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $17.73, for a total value of $70,920.00. Following the sale, the director now directly owns 38,433 shares of the company’s stock, valued at $681,417.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 29.60% of the company’s stock.
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Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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