Oxford Industries (NYSE:OXM) Releases Q4 2019 After-Hours Earnings Guidance

Oxford Industries (NYSE:OXM) updated its fourth quarter 2019
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.01-1.16 for the period, compared to the Thomson Reuters consensus estimate of $1.14. The company issued revenue guidance of $$300-310 million, compared to the consensus revenue estimate of $$315.26 million.Oxford Industries also updated its FY 2019
After-Hours guidance to $4.25-4.40 EPS.

OXM has been the topic of a number of recent analyst reports. B. Riley reiterated a buy rating and set a $87.00 price target on shares of Oxford Industries in a report on Thursday. Needham & Company LLC reiterated a hold rating on shares of Oxford Industries in a research note on Monday, December 9th. DA Davidson reiterated a neutral rating on shares of Oxford Industries in a research note on Monday, November 4th. Citigroup set a $86.00 price objective on shares of Oxford Industries and gave the company a buy rating in a research report on Thursday, September 12th. Finally, KeyCorp decreased their price objective on shares of Oxford Industries from $90.00 to $86.00 and set an overweight rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $82.50.

Shares of NYSE OXM opened at $75.31 on Friday. The firm’s fifty day moving average is $72.38 and its two-hundred day moving average is $71.33. Oxford Industries has a 52-week low of $63.73 and a 52-week high of $85.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.68 and a current ratio of 1.62. The company has a market cap of $1.28 billion, a P/E ratio of 17.43 and a beta of 0.48.

Oxford Industries (NYSE:OXM) last posted its earnings results on Wednesday, December 11th. The textile maker reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Oxford Industries had a net margin of 6.22% and a return on equity of 14.70%. The firm had revenue of $241.22 million for the quarter, compared to the consensus estimate of $240.34 million. During the same period in the previous year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that Oxford Industries will post 4.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.97%. Oxford Industries’s dividend payout ratio (DPR) is presently 34.26%.

In other news, EVP Scott Grassmyer sold 2,838 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $73.07, for a total value of $207,372.66. Following the sale, the executive vice president now directly owns 33,311 shares in the company, valued at approximately $2,434,034.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.10% of the company’s stock.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Earnings History and Estimates for Oxford Industries (NYSE:OXM)

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