Guess’ (NYSE:GES) Releases Quarterly Earnings Results, Beats Expectations By $0.44 EPS

Guess’ (NYSE:GES – Get Rating) posted its earnings results on Tuesday. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.44, Briefing.com reports. Guess’ had a return on equity of 27.89% and a net margin of 4.58%. The company had revenue of $817.78 million for the quarter, compared to analyst estimates of $772.00 million. During the same quarter last year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

Guess’ Stock Performance

Shares of GES stock traded down $0.10 during trading hours on Thursday, hitting $20.06. 224,370 shares of the company were exchanged, compared to its average volume of 610,034. The company has a current ratio of 1.57, a quick ratio of 0.79 and a debt-to-equity ratio of 2.15. The firm has a fifty day simple moving average of $22.11 and a 200 day simple moving average of $19.40. Guess’ has a 52-week low of $14.27 and a 52-week high of $24.66. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.90 and a beta of 1.87.

Guess’ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Wednesday, March 29th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, March 28th. Guess”s dividend payout ratio is 48.65%.

Institutional Trading of Guess’

A number of institutional investors have recently modified their holdings of GES. PNC Financial Services Group Inc. boosted its position 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 valued at $59,000 after acquiring an additional 581 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Guess’ by 48.5% during the 1st quarter. MetLife Investment Management LLC now owns 22,428 shares of the company’s stock valued at $490,000 after acquiring an additional 7,322 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Guess’ by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,609 shares of the company’s stock worth $734,000 after purchasing an additional 4,152 shares during the last quarter. APG Asset Management N.V. bought a new stake in Guess’ in the 1st quarter worth $391,000. Finally, Great West Life Assurance Co. Can increased its position in shares of Guess’ by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 37,147 shares of the company’s stock valued at $833,000 after acquiring an additional 2,112 shares during the period. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GES shares. TheStreet upgraded Guess’ from a “c” rating to a “b” rating in a research note on Tuesday. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Guess’ in a report on Wednesday. Finally, StockNews.com initiated coverage on shares of Guess’ in a research note on Thursday. They issued a “hold” rating for the company.

About Guess’

(Get Rating)

Guess?, Inc engages in designing, marketing, distributing and licensing of contemporary apparel and accessories for men, women and children that reflect the American lifestyle and European fashion sensibilities. It operates through the following segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.