Guess’ (NYSE:GES – Get Rating) issued an update on its FY 2023 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.65-$2.65 for the period, compared to the consensus estimate of $2.60. The company issued revenue guidance of $2.63 billion-$2.63 billion, compared to the consensus revenue estimate of $2.67 billion. Guess’ also updated its Q3 2023 guidance to $0.55-$0.55 EPS.
Guess’ Price Performance
GES stock opened at $16.64 on Tuesday. The business has a fifty day moving average of $18.40 and a two-hundred day moving average of $19.70. The company has a quick ratio of 0.74, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. The stock has a market cap of $905.88 million, a price-to-earnings ratio of 8.49 and a beta of 1.90. Guess’ has a 52-week low of $15.67 and a 52-week high of $25.27.
Guess’ (NYSE:GES – Get Rating) last posted its earnings results on Wednesday, August 24th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $643.00 million for the quarter, compared to analyst estimates of $629.52 million. Guess’ had a return on equity of 28.40% and a net margin of 4.86%. Guess”s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. As a group, research analysts anticipate that Guess’ will post 2.63 earnings per share for the current year.
Guess’ Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Wednesday, September 7th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $0.90 dividend on an annualized basis and a yield of 5.41%. Guess”s dividend payout ratio (DPR) is presently 45.92%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. B. Riley decreased their target price on Guess’ from $36.00 to $29.00 and set a buy rating for the company in a report on Thursday, May 26th. StockNews.com lowered Guess’ from a buy rating to a hold rating in a report on Monday, May 30th. Finally, TheStreet upgraded Guess’ from a c rating to a b- rating in a report on Wednesday, August 24th.
Institutional Trading of Guess’
Institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH lifted its holdings in Guess’ by 24.8% during the 1st quarter. Allianz Asset Management GmbH now owns 33,548 shares of the company’s stock worth $733,000 after buying an additional 6,675 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Guess’ by 11.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 35,232 shares of the company’s stock worth $601,000 after buying an additional 3,495 shares during the last quarter. UBS Group AG lifted its holdings in Guess’ by 902.8% during the 2nd quarter. UBS Group AG now owns 34,666 shares of the company’s stock worth $591,000 after buying an additional 31,209 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Guess’ by 48.5% during the 1st quarter. MetLife Investment Management LLC now owns 22,428 shares of the company’s stock worth $490,000 after buying an additional 7,322 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Guess’ by 34.4% during the 1st quarter. Hsbc Holdings PLC now owns 21,899 shares of the company’s stock worth $487,000 after buying an additional 5,605 shares during the last quarter. 57.68% of the stock is owned by hedge funds and other institutional investors.
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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