Guess’ (NYSE:GES) Posts Quarterly Earnings Results, Beats Expectations By $0.62 EPS

Guess’ (NYSE:GES) issued its earnings results on Tuesday. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.62, Fidelity Earnings reports. Guess’ had a positive return on equity of 0.03% and a negative net margin of 3.48%. During the same period in the prior year, the company earned $1.22 earnings per share.

Shares of NYSE GES traded up $1.06 during trading on Thursday, reaching $24.56. 1,929,603 shares of the stock traded hands, compared to its average volume of 789,429. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.54 and a quick ratio of 1.01. The stock has a market capitalization of $1.56 billion, a P/E ratio of -21.93 and a beta of 2.08. Guess’ has a 52-week low of $5.60 and a 52-week high of $28.30. The company has a 50-day moving average of $25.26 and a 200-day moving average of $19.45.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Wednesday, April 14th will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.83%. Guess”s payout ratio is 31.03%.

GES has been the subject of several research analyst reports. B. Riley lifted their price objective on shares of Guess’ from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday. TheStreet raised Guess’ from a “d” rating to a “c-” rating in a research report on Wednesday, December 2nd. Zacks Investment Research upgraded shares of Guess’ from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, December 29th. Finally, Telsey Advisory Group raised their price objective on shares of Guess’ from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday.

Guess’ Company Profile

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel.

See Also: Book Value Per Share – BVPS

Earnings History for Guess` (NYSE:GES)

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