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) 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.
WARNING: This piece of content was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3294607/b-riley-comments-on-guess-inc-s-q2-2019-earnings-ges.html.
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.
Receive News & Ratings for Guess? Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guess? and related companies with MarketBeat.com's FREE daily email newsletter.