Oxford Industries (NYSE:OXM) Releases FY 2019 After-Hours Earnings Guidance

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Oxford Industries (NYSE:OXM) issued an update on its FY 2019
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.25-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.36. The company issued revenue guidance of $$1.125-1.135 billion, compared to the consensus revenue estimate of $$1.14 billion.Oxford Industries also updated its Q4 2019
After-Hours guidance to $1.01-1.16 EPS.

Oxford Industries stock traded down $1.61 during mid-day trading on Wednesday, reaching $74.40. The company had a trading volume of 193,921 shares, compared to its average volume of 163,067. The company has a quick ratio of 0.68, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. Oxford Industries has a 52 week low of $63.50 and a 52 week high of $85.36. The company has a 50 day moving average of $72.02 and a 200-day moving average of $71.31. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 17.22 and a beta of 0.48.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings results on Wednesday, September 11th. The textile maker reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Oxford Industries had a net margin of 6.27% and a return on equity of 15.05%. The company had revenue of $302.00 million during the quarter, compared to the consensus estimate of $306.98 million. During the same period last year, the company earned $1.83 earnings per share. Oxford Industries’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Oxford Industries will post 4.36 earnings per share for the current fiscal year.

OXM has been the subject of a number of research reports. Zacks Investment Research raised shares of Oxford Industries from a sell rating to a hold rating in a report on Wednesday. Citigroup set a $86.00 price target on shares of Oxford Industries and gave the company a buy rating in a report on Thursday, September 12th. B. Riley reduced their price target on shares of Oxford Industries from $97.00 to $87.00 and set a buy rating for the company in a report on Thursday, September 12th. Needham & Company LLC reissued a hold rating on shares of Oxford Industries in a report on Monday. Finally, DA Davidson reissued a neutral rating on shares of Oxford Industries in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $81.43.

In other news, EVP Scott Grassmyer sold 2,838 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $73.07, for a total transaction of $207,372.66. Following the completion of the transaction, the executive vice president now directly owns 33,311 shares of the company’s stock, valued at approximately $2,434,034.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

About Oxford Industries

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.

Further Reading: Dead Cat Bounce

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

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