Guess (NYSE: GES) issued its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06, StockRatingsNetwork.com reports. The company had revenue of $548.90 million for the quarter, compared to the consensus estimate of $548.98 million. During the same quarter last year, the company posted $0.30 earnings per share. Guess’s revenue was down 5.2% compared to the same quarter last year. Guess updated its Q2 guidance to $0.34-0.38 EPS and its FY14 guidance to $1.70-1.90 EPS.
A number of research firms have also recently commented on GES. Analysts at Standpoint Research downgraded shares of Guess from a “buy” rating to a “hold” rating in a research note to investors on Thursday, May 23rd. On a related note, analysts at TheStreet upgraded shares of Guess from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, May 21st. Finally, analysts at Wedbush downgraded shares of Guess from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, May 9th. They now have a $27.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Guess has a consensus rating of “Hold” and an average price target of $28.60.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 28th. Investors of record on Wednesday, June 12th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.73%.
Guess?, Inc. (NYSE: GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
