B. Riley Comments on Guess?, Inc.’s Q2 2019 Earnings (GES)

Guess?, Inc. (NYSE:GES) – Equities research analysts at B. Riley increased their Q2 2019 EPS estimates for Guess? in a research note issued to investors on Thursday. B. Riley analyst S. Anderson now forecasts that the company will post earnings per share of $0.29 for the quarter, up from their previous forecast of $0.25. B. Riley has a “Buy” rating and a $20.00 price objective on the stock. B. Riley also issued estimates for Guess?’s Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $0.97 EPS and FY2020 earnings at $1.21 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, February 28th. Cowen restated a “hold” rating and issued a $18.00 price objective on shares of Guess? in a report on Thursday. Jefferies Group set a $17.00 price objective on Guess? and gave the stock a “hold” rating in a report on Thursday. Telsey Advisory Group raised their price objective on Guess? from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, KeyCorp restated a “sector weight” rating on shares of Guess? in a report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.11.

Guess? (NYSE:GES) opened at $20.36 on Friday. The company has a market capitalization of $1,276.89, a PE ratio of -185.09, a PEG ratio of 1.00 and a beta of 0.54. 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 twelve month low of $9.56 and a twelve month high of $21.13.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, March 21st. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $755.64 million. Guess? had a positive return on equity of 6.15% and a negative net margin of 0.33%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.90 annualized dividend and a dividend yield of 4.42%. Guess?’s payout ratio is currently -818.18%.

Several large investors have recently made changes to their positions in GES. Majedie Asset Management Ltd acquired a new stake in Guess? during the 3rd quarter valued at approximately $12,333,000. Bank of New York Mellon Corp grew its stake in Guess? by 21.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,343,471 shares of the company’s stock valued at $56,938,000 after purchasing an additional 587,533 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Guess? during the 3rd quarter valued at approximately $5,136,000. BlackRock Inc. grew its stake in Guess? by 3.8% during the 4th quarter. BlackRock Inc. now owns 7,609,354 shares of the company’s stock valued at $128,445,000 after purchasing an additional 278,347 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Guess? by 19.5% during the 4th quarter. Royce & Associates LP now owns 953,178 shares of the company’s stock valued at $16,090,000 after purchasing an additional 155,778 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

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Guess? Company Profile

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.

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

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