Tailored Brands (TLRD) Issues Q1 Earnings Guidance

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Tailored Brands (NYSE:TLRD) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.10-0.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.51. Tailored Brands also updated its Q1 2019 guidance to $0.10-0.15 EPS.

A number of brokerages have recently issued reports on TLRD. Zacks Investment Research downgraded shares of Tailored Brands from a hold rating to a sell rating in a research report on Thursday, February 21st. Citigroup began coverage on shares of Tailored Brands in a research report on Thursday, December 20th. They set a market weight rating on the stock. B. Riley began coverage on shares of Tailored Brands in a research report on Tuesday, December 18th. They set a buy rating and a $20.00 target price on the stock. Finally, Deutsche Bank set a $24.00 target price on shares of Tailored Brands and gave the stock a hold rating in a research report on Thursday, December 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $23.00.

NYSE:TLRD opened at $11.69 on Thursday. The company has a market cap of $601.15 million, a price-to-earnings ratio of 5.31, a P/E/G ratio of 0.30 and a beta of 1.77. Tailored Brands has a twelve month low of $11.37 and a twelve month high of $35.94. The company has a current ratio of 1.94, a quick ratio of 0.39 and a debt-to-equity ratio of 123.20.

Tailored Brands (NYSE:TLRD) last released its earnings results on Wednesday, March 13th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.01. The company had revenue of $785.76 million for the quarter, compared to the consensus estimate of $801.24 million. Tailored Brands had a net margin of 2.31% and a negative return on equity of 2,056.23%. The company’s quarterly revenue was down 8.6% on a year-over-year basis. On average, equities research analysts expect that Tailored Brands will post 2.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Monday, March 18th. Tailored Brands’s dividend payout ratio is presently 32.73%.

In related news, EVP A Alexander Rhodes bought 3,804 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were bought at an average price of $13.14 per share, with a total value of $49,984.56. Following the transaction, the executive vice president now owns 60,964 shares in the company, valued at $801,066.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jack Calandra acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, December 19th. The shares were acquired at an average price of $13.43 per share, with a total value of $100,725.00. Following the completion of the purchase, the chief financial officer now owns 76,064 shares in the company, valued at approximately $1,021,539.52. The disclosure for this purchase can be found here. 2.40% of the stock is currently 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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Earnings History and Estimates for Tailored Brands (NYSE:TLRD)

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