B. Riley Equities Analysts Lower Earnings Estimates for Guess’, Inc. (NYSE:GES)

Guess’, Inc. (NYSE:GESGet Rating) – Equities researchers at B. Riley decreased their Q3 2023 earnings estimates for Guess’ in a research report issued to clients and investors on Thursday, May 26th. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.61 per share for the quarter, down from their prior forecast of $0.68. B. Riley currently has a “Buy” rating and a $29.00 target price on the stock.

Several other analysts have also recently commented on the company. Zacks Investment Research cut Guess’ from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a report on Wednesday, March 9th. Telsey Advisory Group reduced their price objective on Guess’ from $27.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, March 11th. TheStreet raised shares of Guess’ from a “c” rating to a “b-” rating in a report on Wednesday, March 16th. Finally, StockNews.com raised shares of Guess’ from a “hold” rating to a “buy” rating in a report on Monday, April 25th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $23.33.

Shares of NYSE GES opened at $20.07 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. Guess’ has a 1-year low of $16.05 and a 1-year high of $31.12. The firm has a market cap of $1.20 billion, a P/E ratio of 7.78 and a beta of 1.91. The business’s 50 day moving average is $21.88 and its 200-day moving average is $22.09.

Guess’ (NYSE:GESGet Rating) last released its quarterly earnings results on Wednesday, May 25th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $593.00 million during the quarter, compared to analyst estimates of $584.39 million. Guess’ had a net margin of 6.61% and a return on equity of 30.94%. Guess”s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Guess’ by 27.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock valued at $59,000 after buying an additional 581 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Guess’ by 1.8% in the 3rd quarter. Voya Investment Management LLC now owns 38,069 shares of the company’s stock worth $800,000 after buying an additional 655 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Guess’ by 1.4% during the third quarter. Royal Bank of Canada now owns 53,148 shares of the company’s stock worth $1,117,000 after buying an additional 725 shares in the last quarter. New York State Teachers Retirement System lifted its position in Guess’ by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 69,449 shares of the company’s stock worth $1,645,000 after buying an additional 910 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Guess’ by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 266,199 shares of the company’s stock worth $5,593,000 after buying an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Guess’ announced that its Board of Directors has approved a share buyback plan on Monday, March 21st that permits the company to repurchase $175.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Wednesday, June 8th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.48%. Guess”s payout ratio is 34.88%.

About Guess’ (Get Rating)

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 and Estimates for Guess' (NYSE:GES)

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