G-III Apparel Group (NASDAQ:GIII) Issues FY20 Earnings Guidance

G-III Apparel Group (NASDAQ:GIII) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $3.06-3.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.16. The company issued revenue guidance of $3.20 billion, compared to the consensus revenue estimate of $3.29 billion.G-III Apparel Group also updated its FY 2020
Pre-Market guidance to 3.06-3.16 EPS.

GIII has been the subject of a number of recent analyst reports. Wells Fargo & Co assumed coverage on G-III Apparel Group in a research report on Monday, September 23rd. They issued a market perform rating and a $26.00 target price for the company. Needham & Company LLC dropped their price target on shares of G-III Apparel Group from $47.00 to $34.00 and set a buy rating on the stock in a report on Tuesday, September 3rd. Telsey Advisory Group lowered shares of G-III Apparel Group from an outperform rating to a market perform rating and reduced their price target for the stock from $34.00 to $20.00 in a research note on Tuesday, September 3rd. ValuEngine raised shares of G-III Apparel Group from a strong sell rating to a sell rating in a report on Wednesday, October 2nd. Finally, Piper Jaffray Companies increased their price objective on shares of G-III Apparel Group from $22.00 to $25.00 and gave the company a neutral rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. G-III Apparel Group presently has an average rating of Hold and an average price target of $28.30.

G-III Apparel Group stock traded down $3.01 during mid-day trading on Wednesday, reaching $25.50. 27,361 shares of the stock traded hands, compared to its average volume of 441,800. The stock has a market capitalization of $1.41 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.08 and a quick ratio of 0.88. G-III Apparel Group has a 12-month low of $18.18 and a 12-month high of $43.98. The business’s 50-day moving average is $27.62 and its 200-day moving average is $26.25.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, September 5th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $643.90 million for the quarter, compared to analysts’ expectations of $656.16 million. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. Equities analysts anticipate that G-III Apparel Group will post 3.19 EPS for the current fiscal year.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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