Equities analysts forecast that Guess?, Inc. (NYSE:GES) will announce $539.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Guess?’s earnings, with the lowest sales estimate coming in at $538.89 million and the highest estimate coming in at $540.00 million. Guess? posted sales of $521.29 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The business is expected to report its next earnings report on Wednesday, May 29th.
On average, analysts expect that Guess? will report full year sales of $2.74 billion for the current financial year. For the next year, analysts forecast that the business will post sales of $2.93 billion, with estimates ranging from $2.93 billion to $2.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Guess?.
Guess? (NYSE:GES) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The business had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $831.15 million. Guess? had a net margin of 0.54% and a return on equity of 9.39%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share.
Shares of Guess? stock traded down $0.68 on Friday, reaching $17.49. The company’s stock had a trading volume of 77,738 shares, compared to its average volume of 1,833,291. The stock has a market capitalization of $1.49 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 0.88 and a beta of 0.21. Guess? has a 52-week low of $17.99 and a 52-week high of $26.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Wednesday, April 3rd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Tuesday, April 2nd. Guess?’s dividend payout ratio (DPR) is presently 91.84%.
A number of large investors have recently added to or reduced their stakes in GES. Metropolitan Life Insurance Co. NY raised its position in shares of Guess? by 336.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,670 shares of the company’s stock valued at $388,000 after buying an additional 14,393 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Guess? by 2.4% in the third quarter. Teachers Advisors LLC now owns 112,150 shares of the company’s stock valued at $2,535,000 after acquiring an additional 2,635 shares in the last quarter. BlackRock Inc. boosted its holdings in Guess? by 1.8% in the third quarter. BlackRock Inc. now owns 8,116,668 shares of the company’s stock valued at $183,437,000 after acquiring an additional 140,223 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Guess? by 238.0% in the third quarter. JPMorgan Chase & Co. now owns 53,743 shares of the company’s stock valued at $1,215,000 after acquiring an additional 37,844 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in Guess? in the third quarter valued at $1,875,000. 70.62% of the stock is currently owned by institutional investors.
Guess? Company Profile
Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.
Recommended Story: What are the Different Types of Leveraged Buyouts?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.