Equities research analysts expect Guess?, Inc. (NYSE:GES) to post $447.1 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Guess?’s earnings. The highest sales estimate is $450 million and the lowest is $444.2 million. Guess? reported sales of $448.82 million in the same quarter last year, which indicates a negative year over year growth rate of 0.4%. The company is scheduled to announce its next earnings results on Wednesday, May 24th.
According to Zacks, analysts expect that Guess? will report full year sales of $447.1 million for the current financial year, with estimates ranging from $2.25 billion to $2.26 billion. For the next fiscal year, analysts expect that the business will report sales of $2.32 billion per share, with estimates ranging from $2.28 billion to $2.35 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Guess?.
Guess? (NYSE:GES) last released its quarterly earnings results on Wednesday, March 15th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.03. The business had revenue of $679.27 million for the quarter, compared to analysts’ expectations of $689.05 million. Guess? had a net margin of 2.92% and a return on equity of 4.84%. Guess?’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS.
Several research analysts have recently commented on the company. Jefferies Group LLC set a $12.00 price target on Guess? and gave the stock a “hold” rating in a report on Thursday, May 4th. Wunderlich reiterated a “buy” rating and set a $15.00 price target on shares of Guess? in a report on Tuesday, March 28th. B. Riley reiterated a “neutral” rating and set a $11.00 price target on shares of Guess? in a report on Wednesday, March 22nd. Cowen and Company reduced their price target on Guess? from $16.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, March 16th. Finally, Telsey Advisory Group reduced their price target on Guess? from $14.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, March 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Guess? presently has a consensus rating of “Hold” and a consensus price target of $12.67.
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Guess? (NYSE:GES) traded up 1.23% during midday trading on Wednesday, reaching $11.55. 123,400 shares of the company were exchanged. The stock has a market capitalization of $955.89 million, a P/E ratio of 43.42 and a beta of 0.63. The firm’s 50 day moving average price is $11.06 and its 200-day moving average price is $12.68. Guess? has a 52 week low of $10.29 and a 52 week high of $18.68.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Wednesday, March 29th were issued a $0.225 dividend. The ex-dividend date was Monday, March 27th. This represents a $0.90 annualized dividend and a yield of 7.89%. Guess?’s dividend payout ratio (DPR) is currently 118.42%.
In related news, CEO Amigo Victor Herrero acquired 3,100 shares of Guess? stock in a transaction that occurred on Monday, April 17th. The shares were purchased at an average cost of $10.92 per share, for a total transaction of $33,852.00. Following the acquisition, the chief executive officer now owns 389,574 shares in the company, valued at $4,254,148.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 28.80% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of GES. BlackRock Fund Advisors raised its stake in shares of Guess? by 3.5% in the third quarter. BlackRock Fund Advisors now owns 6,770,607 shares of the company’s stock valued at $98,919,000 after buying an additional 229,890 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Guess? by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,363,532 shares of the company’s stock valued at $76,999,000 after buying an additional 144,162 shares during the period. RidgeWorth Capital Management LLC raised its stake in shares of Guess? by 1.7% in the first quarter. RidgeWorth Capital Management LLC now owns 2,975,426 shares of the company’s stock valued at $33,843,000 after buying an additional 49,618 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Guess? by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 1,727,549 shares of the company’s stock valued at $19,262,000 after buying an additional 35,422 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Guess? by 22.2% in the first quarter. Wells Fargo & Company MN now owns 1,579,415 shares of the company’s stock valued at $17,610,000 after buying an additional 286,655 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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