Oxford Industries (NYSE:OXM) Issues Q3 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.01-0.11 for the period, compared to the Thomson Reuters consensus estimate of $0.14. The company issued revenue guidance of $235-245 million, compared to the consensus revenue estimate of $241.96 million.Oxford Industries also updated its FY 2019 guidance to $4.25-4.45 EPS.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Oxford Industries from a buy rating to a hold rating in a research report on Wednesday, August 14th. Telsey Advisory Group cut their price objective on Oxford Industries from $78.00 to $72.00 and set a market perform rating for the company in a research report on Thursday. B. Riley reduced their target price on Oxford Industries from $97.00 to $87.00 and set a buy rating for the company in a research note on Thursday. Finally, ValuEngine upgraded Oxford Industries from a sell rating to a hold rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Oxford Industries presently has an average rating of Buy and a consensus price target of $83.71.

Shares of NYSE OXM opened at $73.93 on Friday. The company’s 50-day simple moving average is $69.54 and its 200-day simple moving average is $74.23. Oxford Industries has a 52-week low of $63.50 and a 52-week high of $93.52. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The company has a quick ratio of 0.70, a current ratio of 1.64 and a debt-to-equity ratio of 0.67.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, September 11th. The textile maker reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). The company had revenue of $302.00 million for the quarter, compared to analyst estimates of $306.98 million. Oxford Industries had a return on equity of 15.36% and a net margin of 6.27%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company earned $1.83 EPS. Equities research analysts anticipate that Oxford Industries will post 4.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, October 17th. Oxford Industries’s payout ratio is 34.26%.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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