Guess?, Inc. (NYSE:GES) – Analysts at Jefferies Financial Group issued their Q2 2020 earnings estimates for Guess? in a report released on Thursday, March 21st, Zacks Investment Research reports. Jefferies Financial Group analyst J. Stichter anticipates that the company will earn $0.43 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $24.00 target price on the stock. Jefferies Financial Group also issued estimates for Guess?’s Q3 2020 earnings at $0.24 EPS and Q4 2020 earnings at $0.79 EPS.
GES has been the subject of a number of other reports. ValuEngine downgraded Guess? from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research downgraded Guess? from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Guess? has a consensus rating of “Buy” and a consensus target price of $24.67.
Guess? (NYSE:GES) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The firm had revenue of $837.00 million for the quarter, compared to the consensus estimate of $831.15 million. Guess? had a return on equity of 9.39% and a net margin of 0.54%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Guess? by 2.5% in the fourth quarter. BlackRock Inc. now owns 8,317,868 shares of the company’s stock valued at $172,762,000 after purchasing an additional 201,200 shares in the last quarter. Vanguard Group Inc. grew its stake in Guess? by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after purchasing an additional 104,828 shares in the last quarter. Vanguard Group Inc grew its stake in Guess? by 1.8% in the third quarter. Vanguard Group Inc now owns 5,839,117 shares of the company’s stock valued at $131,965,000 after purchasing an additional 104,828 shares in the last quarter. Norges Bank bought a new position in Guess? in the fourth quarter valued at approximately $22,055,000. Finally, Bessemer Group Inc. grew its stake in Guess? by 41.8% in the fourth quarter. Bessemer Group Inc. now owns 764,463 shares of the company’s stock valued at $15,878,000 after purchasing an additional 225,201 shares in the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.13%. Guess?’s payout ratio is presently 91.84%.
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, knitwear, and intimate apparel.
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