Guess’ (NYSE:GES) Issues Earnings Results, Misses Expectations By $0.11 EPS

Guess’ (NYSE:GESGet Rating) issued its quarterly earnings data on Tuesday. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.11), RTT News reports. The business had revenue of $633.40 million during the quarter, compared to analyst estimates of $614.00 million. Guess’ had a net margin of 4.58% and a return on equity of 27.12%. Guess”s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share.

Guess’ Price Performance

NYSE:GES opened at $19.98 on Thursday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 10.80 and a beta of 1.89. Guess’ has a 12-month low of $14.27 and a 12-month high of $25.27. The company has a current ratio of 1.45, a quick ratio of 0.74 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average is $16.64 and its two-hundred day moving average is $18.04.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Guess’ in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet lowered shares of Guess’ from a “b-” rating to a “c” rating in a report on Tuesday.

Insider Transactions at Guess’

In other news, Director Anthony Chidoni sold 10,000 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $16.60, for a total transaction of $166,000.00. Following the transaction, the director now directly owns 199,552 shares in the company, valued at approximately $3,312,563.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 41.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Guess’ by 27.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after acquiring an additional 581 shares during the period. Captrust Financial Advisors raised its holdings in Guess’ by 34.7% in the first quarter. Captrust Financial Advisors now owns 5,175 shares of the company’s stock valued at $114,000 after buying an additional 1,334 shares during the period. Quantbot Technologies LP raised its holdings in Guess’ by 288.8% in the first quarter. Quantbot Technologies LP now owns 6,396 shares of the company’s stock valued at $139,000 after buying an additional 4,751 shares during the period. Royal Bank of Canada raised its holdings in Guess’ by 40.6% in the third quarter. Royal Bank of Canada now owns 7,545 shares of the company’s stock valued at $111,000 after buying an additional 2,180 shares during the period. Finally, Guggenheim Capital LLC purchased a new position in Guess’ in the first quarter valued at approximately $201,000. 57.68% of the stock is currently owned by hedge funds and other institutional investors.

Guess’ Company Profile

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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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Earnings History for Guess' (NYSE:GES)

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