G-III Apparel Group (GIII) to Release Quarterly Earnings on Thursday

G-III Apparel Group (NASDAQ:GIII - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $808.59 million for the quarter. G-III Apparel Group has set its FY 2025 guidance at 4.100-4.200 EPS and its FY25 guidance at $4.10-$4.20 EPS.Investors interested in participating in the company's conference call can do so using this link.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.33. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. G-III Apparel Group's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 EPS. On average, analysts expect G-III Apparel Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

G-III Apparel Group Stock Performance

NASDAQ:GIII traded down $0.14 during trading hours on Friday, hitting $26.43. 611,206 shares of the company were exchanged, compared to its average volume of 446,232. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 6.94 and a beta of 2.09. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company's 50 day moving average price is $30.09 and its 200-day moving average price is $30.49.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. KeyCorp upped their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. UBS Group dropped their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Barclays upped their price objective on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an "underweight" rating in a report on Wednesday, December 11th. Guggenheim upped their price objective on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $33.33.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through 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.