After the close on Wednesday, Guess?, Inc.
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Telsey Advisory Group has a Market Perform rating.
Share prices sometimes get a bounce to the upside on analysts price target increases. The company’s price sits -0.31% below from its 50-day moving average of $14.89 and -14.04% below from the stock’s 200-day moving average of $17.02. This stock has been bouncing off of its 52-week lows over the course of the summer, despite markets hitting new all-time highs. The company has a market cap of $1.26 billion and a P/E ratio of 23.80. (NYSE:GES) has 82.25 million outstanding shares amid them 60.04 million shares have been floated in market exchange. GAAP diluted earnings per share raised 81.0% to $0.38 for the second quarter of fiscal 2017, contrast to $0.21 for the prior-year quarter. The company had revenue of $545 million for the quarter, compared to analysts’ expectations of $551.53 million. The company’s beta value is at 0.89. The firm’s net income over halved to $10.1 million, or 13 cents per share, in the quarter, as the firm surged markdowns on products as it prepared for the fall season.
Guess? also updated its guidance for its third quarter of fiscal 2017 in its earnings report. On a constant currency basis, revenues increased 6%.
A number of brokerages have recently issued reports on GES.
We are pleased to deliver second quarter earnings that exceeded our expectations both in earnings per share and operating margin. Odeon Capital Group LLC upgraded Guess to a “hold” rating in a report on Sunday, May 29th. During the last trade, stock’s minimum price has been reached out at $14.77 while the maximum trading price moved at $15.59.
Guess (NYSE:GES) last announced its earnings results on Wednesday, August 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock.
For comparison, Wall Street analysts presently have a consensus one-year price target of $17.30. The Company estimates the negative impact of currency on diluted earnings per share in the second quarter of fiscal 2017 was about $0.04. BlackRock Institutional Trust Company N.A. now owns 1,832,249 shares of the company’s stock worth $34,391,000 after buying an additional 28,100 shares during the period. Royce & Associates LP raised its position in shares of Guess by 19.9% in the first quarter.
During the second quarter, the company’s board approved a quarterly cash dividend of 22.5 cents per share on the company’s common stock. Finally, Federated Investors Inc.
There are now 84,315,000 shares in issue with a current share value of 14.9 giving Guess Inc a market capitalisation of 1.26B United States dollars.
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In other Guess news, Director Anthony Chidoni sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, July 15th.
