Guess? (NYSE:GES – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), Briefing.com reports. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The company had revenue of $738.52 million for the quarter, compared to analysts’ expectations of $747.36 million. During the same period in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis.
Guess? Stock Down 3.7 %
NYSE GES opened at $17.37 on Wednesday. The stock’s 50 day moving average is $18.32 and its 200 day moving average is $20.77. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. Guess? has a 12 month low of $16.05 and a 12 month high of $33.50. The stock has a market cap of $893.17 million, a PE ratio of 7.00 and a beta of 1.94.
Analyst Ratings Changes
A number of research firms have recently weighed in on GES. UBS Group lowered their price objective on Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group lowered their price objective on Guess? from $26.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.25.
About Guess?
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.
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