Zacks: Analysts Anticipate Guess?, Inc. (GES) to Post $0.11 EPS

Brokerages forecast that Guess?, Inc. (NYSE:GES) will post $0.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Guess?’s earnings, with estimates ranging from $0.11 to $0.12. Guess? also reported earnings of $0.11 per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 29th.

On average, analysts expect that Guess? will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.59. For the next year, analysts expect that the company will report earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.81. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Guess?.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.10 by $0.09. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The firm had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year.

A number of equities research analysts recently weighed in on GES shares. FBR & Co boosted their price target on shares of Guess? from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Evercore ISI started coverage on shares of Guess? in a research report on Friday, August 25th. They issued a “buy” rating for the company. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price target on shares of Guess? in a research report on Friday, July 14th. Telsey Advisory Group boosted their price target on shares of Guess? from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Thursday, August 24th. Finally, Cowen and Company set a $14.00 target price on shares of Guess? and gave the company a “hold” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.77.

In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.03, for a total transaction of $96,180.00. Following the transaction, the director now directly owns 42,433 shares in the company, valued at $680,200.99. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 29.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GES. Bank of New York Mellon Corp grew its position in Guess? by 59.5% during the second quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock worth $35,222,000 after buying an additional 1,028,389 shares during the period. Divisar Capital Management LLC grew its position in Guess? by 843.7% during the second quarter. Divisar Capital Management LLC now owns 943,671 shares of the company’s stock worth $12,060,000 after buying an additional 843,671 shares during the period. Dimensional Fund Advisors LP grew its position in Guess? by 11.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,080,922 shares of the company’s stock worth $78,952,000 after buying an additional 717,390 shares during the period. Schwab Charles Investment Management Inc. grew its position in Guess? by 192.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 993,471 shares of the company’s stock worth $12,697,000 after buying an additional 653,957 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Guess? by 710.0% during the first quarter. JPMorgan Chase & Co. now owns 426,895 shares of the company’s stock worth $4,760,000 after buying an additional 374,191 shares during the period. Institutional investors own 79.49% of the company’s stock.

Shares of Guess? (NYSE GES) traded down 0.71% during mid-day trading on Thursday, hitting $16.86. The stock had a trading volume of 593,618 shares. The stock’s 50-day moving average is $15.79 and its 200 day moving average is $12.74. Guess? has a 12 month low of $9.56 and a 12 month high of $17.54. The firm has a market cap of $1.40 billion, a PE ratio of 156.11 and a beta of 0.44.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, September 1st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.34%. Guess?’s dividend payout ratio (DPR) is 818.18%.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/08/zacks-analysts-anticipate-guess-inc-ges-to-post-0-11-eps.html.

Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

Get a free copy of the Zacks research report on Guess? (GES)

On average, analysts expect that Guess? will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.59. For the next year, analysts expect that the company will report earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.81. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Guess?.

Guess? (NYSE:GES) last issued its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.10 by $0.09. Guess? had a return on equity of 4.14% and a net margin of 0.43%. The firm had revenue of $573.69 million during the quarter, compared to analyst estimates of $559.82 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year.

A number of equities research analysts recently weighed in on GES shares. FBR & Co boosted their price target on shares of Guess? from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Evercore ISI started coverage on shares of Guess? in a research report on Friday, August 25th. They issued a “buy” rating for the company. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price target on shares of Guess? in a research report on Friday, July 14th. Telsey Advisory Group boosted their price target on shares of Guess? from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Thursday, August 24th. Finally, Cowen and Company set a $14.00 target price on shares of Guess? and gave the company a “hold” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.77.

In other news, Director Kay Isaacson-Leibowitz sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.03, for a total transaction of $96,180.00. Following the transaction, the director now directly owns 42,433 shares in the company, valued at $680,200.99. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 29.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GES. Bank of New York Mellon Corp grew its position in Guess? by 59.5% during the second quarter. Bank of New York Mellon Corp now owns 2,755,938 shares of the company’s stock worth $35,222,000 after buying an additional 1,028,389 shares during the period. Divisar Capital Management LLC grew its position in Guess? by 843.7% during the second quarter. Divisar Capital Management LLC now owns 943,671 shares of the company’s stock worth $12,060,000 after buying an additional 843,671 shares during the period. Dimensional Fund Advisors LP grew its position in Guess? by 11.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,080,922 shares of the company’s stock worth $78,952,000 after buying an additional 717,390 shares during the period. Schwab Charles Investment Management Inc. grew its position in Guess? by 192.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 993,471 shares of the company’s stock worth $12,697,000 after buying an additional 653,957 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Guess? by 710.0% during the first quarter. JPMorgan Chase & Co. now owns 426,895 shares of the company’s stock worth $4,760,000 after buying an additional 374,191 shares during the period. Institutional investors own 79.49% of the company’s stock.

Shares of Guess? (NYSE GES) traded down 0.71% during mid-day trading on Thursday, hitting $16.86. The stock had a trading volume of 593,618 shares. The stock’s 50-day moving average is $15.79 and its 200 day moving average is $12.74. Guess? has a 12 month low of $9.56 and a 12 month high of $17.54. The firm has a market cap of $1.40 billion, a PE ratio of 156.11 and a beta of 0.44.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, September 1st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.34%. Guess?’s dividend payout ratio (DPR) is 818.18%.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/08/zacks-analysts-anticipate-guess-inc-ges-to-post-0-11-eps.html.

Guess? Company Profile

Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.

Get a free copy of the Zacks research report on Guess? (GES)

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Earnings History and Estimates for Guess? (NYSE:GES)

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