G-III Apparel Group (NASDAQ:GIII) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.98-2.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.13. The company issued revenue guidance of ~$2.94 billion, compared to the consensus revenue estimate of $3.08 billion.
Shares of GIII stock opened at $34.84 on Friday. The firm has a market cap of $1,620.16, a P/E ratio of 27.87, a PEG ratio of 1.08 and a beta of 0.26. The company has a quick ratio of 1.91, a current ratio of 3.52 and a debt-to-equity ratio of 0.66. G-III Apparel Group has a 1-year low of $18.00 and a 1-year high of $40.96.
G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 22nd. The textile maker reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. The firm had revenue of $714.90 million during the quarter, compared to analyst estimates of $707.64 million. G-III Apparel Group had a net margin of 2.21% and a return on equity of 7.57%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS. research analysts predict that G-III Apparel Group will post 2.03 earnings per share for the current year.
In related news, Director Bokhorst Willem Van sold 7,518 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total transaction of $282,000.18. Following the completion of the sale, the director now directly owns 48,667 shares in the company, valued at approximately $1,825,499.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.60% of the company’s stock.
About G-III Apparel Group
G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.
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