Tailored Brands (NYSE:TLRD) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.29-0.24) for the period, compared to the Thomson Reuters consensus estimate of ($0.01). Tailored Brands also updated its FY 2018 guidance to $2.30-2.35 EPS.
Shares of Tailored Brands stock traded up $0.30 during midday trading on Wednesday, reaching $20.14. The company had a trading volume of 4,422,206 shares, compared to its average volume of 1,364,805. The company has a debt-to-equity ratio of 120,737.00, a current ratio of 2.12 and a quick ratio of 0.46. The firm has a market cap of $1.07 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.54 and a beta of 1.63. Tailored Brands has a fifty-two week low of $19.53 and a fifty-two week high of $35.94.
Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, September 12th. The company reported $1.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.07. The company had revenue of $823.00 million for the quarter, compared to analyst estimates of $828.36 million. Tailored Brands had a negative return on equity of 933.71% and a net margin of 3.01%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. Equities analysts anticipate that Tailored Brands will post 2.5 earnings per share for the current fiscal year.
A number of equities analysts recently commented on TLRD shares. Zacks Investment Research raised Tailored Brands from a sell rating to a buy rating and set a $25.00 price objective on the stock in a research note on Saturday, September 1st. Deutsche Bank lifted their price objective on Tailored Brands from $28.00 to $29.00 and gave the stock a hold rating in a research note on Wednesday, August 29th. Finally, ValuEngine lowered Tailored Brands from a hold rating to a sell rating in a research note on Tuesday, October 2nd.
In related news, Director David H. Edwab sold 15,000 shares of Tailored Brands stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $25.54, for a total value of $383,100.00. Following the transaction, the director now directly owns 36,217 shares of the company’s stock, valued at $924,982.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by insiders.
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About Tailored Brands
Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.
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