Guess? (NYSE:GES) Announces Quarterly Earnings Results

Guess? (NYSE:GES - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07, Briefing.com reports. Guess? had a net margin of 3.19% and a return on equity of 23.29%. The company had revenue of $932.25 million during the quarter, compared to analysts' expectations of $916.75 million. During the same quarter in the previous year, the company earned $2.01 EPS. Guess?'s revenue was up 4.6% on a year-over-year basis.

Guess? Trading Down 10.9 %

NYSE:GES traded down $1.07 on Tuesday, reaching $8.68. 2,551,493 shares of the stock traded hands, compared to its average volume of 1,255,307. The company's 50 day moving average is $11.53 and its 200-day moving average is $14.72. Guess? has a 1-year low of $8.58 and a 1-year high of $30.78. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $446.39 million, a price-to-earnings ratio of 7.29 and a beta of 1.43.

Guess? Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.83%. The ex-dividend date is Wednesday, April 16th. Guess?'s payout ratio is 100.84%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GES. UBS Group reduced their price target on shares of Guess? from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $13.00 target price on shares of Guess? in a research note on Friday.

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Guess? announced that its board has approved a share repurchase plan on Tuesday, March 25th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 38.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Guess? Company Profile

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.