Guess? (NYSE:GES) posted its quarterly earnings results on Tuesday. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.16, MarketWatch Earnings reports. Guess? had a net margin of 7.18% and a return on equity of 34.26%. The firm had revenue of $643.07 million for the quarter, compared to analyst estimates of $611.30 million. During the same period in the prior year, the firm posted $0.58 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year.
Shares of GES traded up $2.43 during trading hours on Thursday, hitting $23.73. The company had a trading volume of 2,924,870 shares, compared to its average volume of 806,230. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 9.23 and a beta of 2.16. The business has a fifty day moving average of $21.65 and a 200-day moving average of $23.88. Guess? has a 12 month low of $15.65 and a 12 month high of $31.12. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 0.55.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 24th. Stockholders of record on Wednesday, December 8th will be given a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, December 7th. This is a positive change from Guess?’s previous quarterly dividend of $0.11. This represents a $0.90 annualized dividend and a dividend yield of 3.79%. Guess?’s dividend payout ratio is presently 17.51%.
Guess? declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 12.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of large investors have recently added to or reduced their stakes in GES. Wells Fargo & Company MN increased its position in Guess? by 53.1% during the second quarter. Wells Fargo & Company MN now owns 48,673 shares of the company’s stock worth $1,285,000 after acquiring an additional 16,879 shares during the period. Morgan Stanley increased its position in Guess? by 38.8% during the second quarter. Morgan Stanley now owns 565,208 shares of the company’s stock worth $14,922,000 after acquiring an additional 157,855 shares during the period. Finally, Royal Bank of Canada increased its position in Guess? by 1.4% during the third quarter. Royal Bank of Canada now owns 53,148 shares of the company’s stock worth $1,117,000 after acquiring an additional 725 shares during the period. 63.64% of the stock is currently owned by institutional investors and hedge funds.
Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.
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