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

Tailored Brands (NYSE:TLRD) issued an update on its second quarter 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.78-0.80 for the period, compared to the Thomson Reuters consensus earnings per share 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.

TLRD stock opened at $4.34 on Wednesday. The company has a debt-to-equity ratio of 317.61, a quick ratio of 0.22 and a current ratio of 1.39. The company has a market capitalization of $255.63 million, a price-to-earnings ratio of 2.52 and a beta of 1.91. Tailored Brands has a fifty-two week low of $4.21 and a fifty-two week high of $28.78. The stock has a fifty day moving average of $5.18 and a 200-day moving average of $7.75.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings results on Wednesday, June 12th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.06. The company had revenue of $781.40 million during the quarter, compared to the consensus estimate of $776.22 million. Tailored Brands had a return on equity of 4,518.17% and a net margin of 2.39%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 EPS. Equities analysts predict that Tailored Brands will post 1.69 EPS for the current year.

TLRD has been the subject of several research reports. B. Riley cut their price target on Tailored Brands from $7.00 to $10.00 and set a neutral rating for the company in a research note on Thursday, June 13th. Zacks Investment Research upgraded Tailored Brands from a sell rating to a hold rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Tailored Brands presently has an average rating of Hold and a consensus target price of $19.67.

Tailored Brands Company Profile

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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