Oxford Industries (NYSE:OXM) Updates FY 2019 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.29. The company issued revenue guidance of $1.135-1.155 billion, compared to the consensus revenue estimate of $1.11 billion.Oxford Industries also updated its FY20 guidance to $4.45-4.65 EPS.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Oxford Industries from a hold rating to a sell rating in a research report on Tuesday, April 2nd. CL King initiated coverage on Oxford Industries in a research report on Friday, December 28th. They issued a buy rating and a $80.00 target price on the stock. Citigroup initiated coverage on Oxford Industries in a research report on Tuesday, April 16th. They issued a buy rating on the stock. Finally, Telsey Advisory Group reissued a market perform rating and issued a $82.00 price objective (up from $76.00) on shares of Oxford Industries in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $90.75.

NYSE:OXM traded up $0.23 during mid-day trading on Friday, hitting $81.07. The company had a trading volume of 157,986 shares, compared to its average volume of 211,611. Oxford Industries has a 1 year low of $63.50 and a 1 year high of $97.19. The firm has a market capitalization of $1.37 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.78 and a beta of 0.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77.

Oxford Industries (NYSE:OXM) last announced its earnings results on Thursday, March 28th. The textile maker reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. Oxford Industries had a return on equity of 15.73% and a net margin of 5.99%. The business had revenue of $298.54 million for the quarter, compared to analyst estimates of $301.84 million. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Oxford Industries will post 4.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, April 18th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.83%. This is an increase from Oxford Industries’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, April 17th. Oxford Industries’s dividend payout ratio (DPR) is 34.26%.

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About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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