Guess’ (NYSE:GES) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Guess’ (NYSE:GESGet Rating) posted its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.11), RTT News reports. The firm had revenue of $633.40 million during the quarter, compared to analyst estimates of $614.00 million. Guess’ had a net margin of 4.58% and a return on equity of 27.12%. Guess”s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share.

Guess’ Price Performance

Shares of GES traded up $0.23 during trading hours on Thursday, reaching $19.98. 1,727,660 shares of the company traded hands, compared to its average volume of 804,598. The company has a quick ratio of 0.74, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.09 billion, a PE ratio of 10.80 and a beta of 1.89. Guess’ has a fifty-two week low of $14.27 and a fifty-two week high of $25.27. The stock has a fifty day simple moving average of $16.64 and a 200 day simple moving average of $18.04.

Guess’ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Wednesday, December 7th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Tuesday, December 6th. Guess”s payout ratio is currently 48.65%.

Insiders Place Their Bets

In other Guess’ news, Director Anthony Chidoni sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $16.60, for a total value of $166,000.00. Following the sale, the director now directly owns 199,552 shares of the company’s stock, valued at approximately $3,312,563.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 41.00% of the stock is owned by corporate insiders.

Institutional Trading of Guess’

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Guess’ by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 4,555,857 shares of the company’s stock worth $99,546,000 after buying an additional 184,983 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Guess’ by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,545 shares of the company’s stock worth $86,760,000 after buying an additional 50,371 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Guess’ by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 589,343 shares of the company’s stock worth $12,878,000 after buying an additional 19,787 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Guess’ by 2.0% in the 3rd quarter. Two Sigma Advisers LP now owns 419,402 shares of the company’s stock worth $6,153,000 after purchasing an additional 8,400 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Guess’ in the 2nd quarter worth about $2,082,000. 57.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on GES shares. StockNews.com started coverage on Guess’ in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet cut Guess’ from a “b-” rating to a “c” rating in a research report on Tuesday.

Guess’ Company Profile

(Get Rating)

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, activewear, knitwear, and intimate apparel.

See Also

Earnings History for Guess' (NYSE:GES)

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