Oxford Industries (OXM) Updates Q1 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.15-1.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.35. The company issued revenue guidance of $270-280 million, compared to the consensus revenue estimate of $283.10 million.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.

Shares of NYSE:OXM traded up $0.23 on Friday, hitting $81.07. The stock had a trading volume of 157,986 shares, compared to its average volume of 211,611. Oxford Industries has a twelve month low of $63.50 and a twelve month high of $97.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.77 and a current ratio of 1.90. The company has a market capitalization of $1.37 billion, a PE ratio of 18.77, a P/E/G ratio of 1.78 and a beta of 0.30.

Oxford Industries (NYSE:OXM) last issued its earnings results on Thursday, March 28th. The textile maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The company had revenue of $298.54 million for the quarter, compared to the consensus estimate of $301.84 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. On average, analysts forecast that Oxford Industries will post 4.56 EPS for the current year.

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

OXM has been the topic of several research reports. Zacks Investment Research upgraded shares of Oxford Industries from a sell rating to a hold rating in a research report on Wednesday, April 10th. Telsey Advisory Group reiterated a market perform rating and set a $82.00 price target (up previously from $76.00) on shares of Oxford Industries in a research report on Thursday. Citigroup assumed coverage on shares of Oxford Industries in a research report on Tuesday, April 16th. They set a buy rating on the stock. Finally, CL King assumed coverage on shares of Oxford Industries in a research report on Friday, December 28th. They set a buy rating and a $80.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Oxford Industries has an average rating of Hold and a consensus price target of $90.75.

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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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