Analysts predict that G-III Apparel Group, Ltd. (NASDAQ:GIII) will announce sales of $768.24 million for the current quarter, Zacks reports. Four analysts have issued estimates for G-III Apparel Group’s earnings. The lowest sales estimate is $763.00 million and the highest is $770.70 million. G-III Apparel Group posted sales of $714.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The company is scheduled to announce its next earnings report on Thursday, March 28th.
According to Zacks, analysts expect that G-III Apparel Group will report full-year sales of $3.08 billion for the current fiscal year, with estimates ranging from $3.07 billion to $3.08 billion. For the next financial year, analysts forecast that the business will report sales of $3.29 billion, with estimates ranging from $3.18 billion to $3.43 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for G-III Apparel Group.
G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, December 6th. The textile maker reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.07. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. G-III Apparel Group had a net margin of 3.75% and a return on equity of 11.60%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share.
NASDAQ:GIII opened at $34.69 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.59. G-III Apparel Group has a 12 month low of $25.43 and a 12 month high of $51.20. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 0.74 and a beta of 0.94.
Several institutional investors have recently modified their holdings of GIII. Financial Architects Inc acquired a new position in shares of G-III Apparel Group during the 4th quarter worth $28,000. Bruderman Asset Management LLC purchased a new position in G-III Apparel Group in the 4th quarter valued at about $33,000. Meeder Asset Management Inc. lifted its holdings in shares of G-III Apparel Group by 1,396.0% during the 4th quarter. Meeder Asset Management Inc. now owns 1,511 shares of the textile maker’s stock worth $41,000 after acquiring an additional 1,410 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of G-III Apparel Group by 1,780.0% during the 4th quarter. Acadian Asset Management LLC now owns 1,974 shares of the textile maker’s stock worth $55,000 after acquiring an additional 1,869 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of G-III Apparel Group by 170.8% during the 4th quarter. Huntington National Bank now owns 2,445 shares of the textile maker’s stock worth $68,000 after acquiring an additional 1,542 shares during the period.
About G-III Apparel Group
G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.
Read More: Options Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.com's FREE daily email newsletter.