Guess?, Inc. (NYSE:GES) Declares Quarterly Dividend of $0.30

Guess?, Inc. (NYSE:GES - Get Free Report) announced a quarterly dividend on Wednesday, August 28th, RTT News reports. Stockholders of record on Wednesday, September 11th will be given a dividend of 0.30 per share on Friday, September 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.94%.

Guess? has raised its dividend by an average of 71.0% annually over the last three years. Guess? has a dividend payout ratio of 38.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Guess? to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 39.0%.

Guess? Stock Down 4.7 %

GES stock traded down $1.00 during trading on Wednesday, hitting $20.20. 1,512,818 shares of the stock traded hands, compared to its average volume of 1,220,344. Guess? has a 1 year low of $19.58 and a 1 year high of $33.50. The firm's 50 day moving average is $21.85 and its two-hundred day moving average is $24.50. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 6.03 and a beta of 1.91. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.57 and a quick ratio of 0.85.

Guess? (NYSE:GES - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $732.60 million for the quarter, compared to analysts' expectations of $729.96 million. Guess? had a net margin of 7.97% and a return on equity of 26.92%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, sell-side analysts anticipate that Guess? will post 2.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GES. Telsey Advisory Group reaffirmed a "market perform" rating and set a $26.00 price target on shares of Guess? in a report on Tuesday, August 20th. StockNews.com cut shares of Guess? from a "buy" rating to a "hold" rating in a research note on Monday, June 3rd. Finally, UBS Group lowered their price objective on shares of Guess? from $32.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Guess? has an average rating of "Hold" and a consensus price target of $30.25.

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.