Oxford Industries (NYSE:OXM) Releases FY 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.000-0.200 for the period, compared to the consensus EPS estimate of 1.090. The company issued revenue guidance of $310.0 million-$325.0 million, compared to the consensus revenue estimate of $352.5 million. Oxford Industries also updated its FY25 guidance to $7.00-7.30 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup reduced their target price on Oxford Industries from $92.00 to $65.00 and set a sell rating for the company in a report on Friday. Telsey Advisory Group reduced their price objective on shares of Oxford Industries from $110.00 to $86.00 and set a market perform rating for the company in a research note on Thursday. Finally, UBS Group lowered their target price on shares of Oxford Industries from $101.00 to $91.00 and set a neutral rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $90.40.

Oxford Industries Stock Up 1.3 %

Shares of OXM stock opened at $85.15 on Friday. Oxford Industries has a 12 month low of $74.95 and a 12 month high of $113.88. The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.34 billion, a PE ratio of 34.47 and a beta of 1.53. The stock has a 50 day moving average of $92.74 and a 200-day moving average of $100.84.

Oxford Industries (NYSE:OXM) last released its earnings results on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.23). Oxford Industries had a net margin of 1.92% and a return on equity of 22.19%. The company had revenue of $419.89 million for the quarter, compared to analyst estimates of $438.16 million. During the same quarter in the previous year, the company earned $3.45 earnings per share. Oxford Industries’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts predict that Oxford Industries will post 8.8 EPS for the current year.

Oxford Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Friday, October 18th. Oxford Industries’s dividend payout ratio (DPR) is presently 108.50%.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.