Guess?, Inc. (GES) Expected to Announce Quarterly Sales of $602.71 Million

Analysts expect Guess?, Inc. (NYSE:GES) to report sales of $602.71 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Guess?’s earnings, with estimates ranging from $601.41 million to $604.00 million. Guess? reported sales of $554.14 million in the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The company is expected to report its next earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that Guess? will report full-year sales of $2.57 billion for the current year, with estimates ranging from $2.56 billion to $2.59 billion. For the next financial year, analysts expect that the firm will report sales of $2.73 billion, with estimates ranging from $2.70 billion to $2.76 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Guess?.

Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $645.87 million for the quarter, compared to the consensus estimate of $650.61 million. Guess? had a return on equity of 8.12% and a net margin of 0.10%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share.

A number of research firms have recently issued reports on GES. Zacks Investment Research upgraded shares of Guess? from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, August 31st. Telsey Advisory Group lifted their target price on shares of Guess? from $26.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, August 30th. Finally, TheStreet upgraded shares of Guess? from a “c+” rating to a “b” rating in a research note on Thursday, August 30th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $22.80.

In other news, Director Gianluca Bolla bought 2,832 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was bought at an average price of $26.00 per share, for a total transaction of $73,632.00. Following the completion of the purchase, the director now owns 63,936 shares of the company’s stock, valued at approximately $1,662,336. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 31.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Guess? by 2.9% in the second quarter. BlackRock Inc. now owns 7,976,445 shares of the company’s stock valued at $170,696,000 after acquiring an additional 228,269 shares during the last quarter. Majedie Asset Management Ltd raised its position in Guess? by 2.7% in the 3rd quarter. Majedie Asset Management Ltd now owns 570,301 shares of the company’s stock worth $12,889,000 after purchasing an additional 14,997 shares during the last quarter. Principal Financial Group Inc. raised its position in Guess? by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 454,045 shares of the company’s stock worth $9,417,000 after purchasing an additional 5,421 shares during the last quarter. Braun Stacey Associates Inc. raised its position in Guess? by 10.7% in the 3rd quarter. Braun Stacey Associates Inc. now owns 415,477 shares of the company’s stock worth $9,389,000 after purchasing an additional 40,230 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Guess? in the 2nd quarter worth approximately $31,370,000. Institutional investors own 70.79% of the company’s stock.

NYSE GES traded down $0.29 during trading on Friday, reaching $22.61. 911,600 shares of the company traded hands, compared to its average volume of 1,212,718. Guess? has a 1-year low of $14.17 and a 1-year high of $26.95. The company has a current ratio of 2.24, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.23 and a beta of 0.20.

Guess? Company Profile

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, knitwear, and intimate apparel.

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