Oxford Industries (NYSE:OXM) Issues FY 2019 Earnings Guidance

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Oxford Industries (NYSE:OXM) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.57. The company issued revenue guidance of $1.135-1.155 billion, compared to the consensus revenue estimate of $1.14 billion.Oxford Industries also updated its Q2 2019 guidance to $1.80-1.90 EPS.

Shares of Oxford Industries stock traded down $1.59 during trading hours on Wednesday, hitting $68.80. 431,545 shares of the company’s stock traded hands, compared to its average volume of 159,330. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77. The company has a market capitalization of $1.19 billion, a PE ratio of 15.93, a P/E/G ratio of 1.55 and a beta of 0.49. Oxford Industries has a twelve month low of $63.50 and a twelve month high of $97.19.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 28th. The textile maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.02. The company had revenue of $298.54 million during the quarter, compared to the consensus estimate of $301.84 million. Oxford Industries had a return on equity of 15.73% and a net margin of 5.99%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. On average, equities analysts expect that Oxford Industries will post 4.56 earnings per share for the current fiscal year.

Several analysts have recently weighed in on OXM shares. Zacks Investment Research upgraded Oxford Industries from a sell rating to a hold rating in a research note on Wednesday, February 13th. Citigroup started coverage on Oxford Industries in a research note on Tuesday, April 16th. They set a buy rating for the company. Finally, Telsey Advisory Group restated a market perform rating and set a $82.00 target price (up from $76.00) on shares of Oxford Industries in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $90.25.

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Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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