Tailored Brands (NYSE:TLRD) Releases Q2 2019 Earnings Guidance

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Tailored Brands (NYSE:TLRD) updated its second quarter 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.78-0.80 for the period, compared to the Thomson Reuters consensus estimate of $0.70. The company issued revenue guidance of $787-789 million, compared to the consensus revenue estimate of $789.79 million.Tailored Brands also updated its Q2 guidance to $0.78-0.80 EPS.

Several research firms have weighed in on TLRD. Zacks Investment Research cut Tailored Brands from a hold rating to a strong sell rating in a research report on Tuesday, June 18th. B. Riley cut their price objective on Tailored Brands from $7.00 to $10.00 and set a neutral rating on the stock in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.67.

Shares of TLRD opened at $4.67 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 1.39 and a debt-to-equity ratio of 317.61. The business’s 50 day moving average price is $5.20 and its 200-day moving average price is $7.79. Tailored Brands has a 52 week low of $4.23 and a 52 week high of $28.78. The stock has a market cap of $255.63 million, a P/E ratio of 2.02 and a beta of 1.91.

Tailored Brands (NYSE:TLRD) last issued its quarterly earnings results on Wednesday, June 12th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The firm had revenue of $781.40 million for the quarter, compared to analysts’ expectations of $776.22 million. During the same period in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Tailored Brands will post 1.69 EPS for the current year.

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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