The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • RAND CAPITAL CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

  • Multibagger small-cap stock fixes record date for dividend, takes yield to 3.05%

  • World shares recover after U.S. jobs report sell-off

  • Sisi gives directives to expand distributing subsidized food commodities via army, police, supply outlets: Qabbaj

  • 7 Best Ways To Get The Best Currency Exchange Rates

Brokers
Home›Brokers›Telsey Advisory Group Brokers Lower Earnings Estimates for Guess’, Inc. (NYSE:GES)

Telsey Advisory Group Brokers Lower Earnings Estimates for Guess’, Inc. (NYSE:GES)

By Megan
May 27, 2022
10
0
Share:

Guess' logo

Guess’, Inc. (NYSE:GES – Get Rating) – Research analysts at Telsey Advisory Group lowered their Q2 2023 earnings per share estimates for shares of Guess’ in a note issued to investors on Thursday, May 26th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $0.58 per share for the quarter, down from their previous estimate of $0.75. Telsey Advisory Group currently has a “Market Perform” rating and a $23.00 price objective on the stock. Telsey Advisory Group also issued estimates for Guess”s Q3 2023 earnings at $0.72 EPS, Q4 2023 earnings at $1.53 EPS, FY2023 earnings at $3.06 EPS, Q3 2024 earnings at $0.81 EPS, Q4 2024 earnings at $1.66 EPS and FY2024 earnings at $3.63 EPS.

Several other analysts have also recently weighed in on the company. StockNews.com raised Guess’ from a “hold” rating to a “buy” rating in a report on Monday, April 25th. TheStreet raised shares of Guess’ from a “c” rating to a “b-” rating in a report on Wednesday, March 16th. Zacks Investment Research downgraded Guess’ from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a report on Wednesday, March 9th. Finally, B. Riley decreased their price objective on shares of Guess’ from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Guess’ has an average rating of “Buy” and an average target price of $23.33.

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

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

Guess’ announced that its board has authorized a share buyback program on Monday, March 21st that allows the company to repurchase $175.00 million in shares. This repurchase authorization allows the company to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Wednesday, June 8th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.48%. Guess”s dividend payout ratio (DPR) is currently 34.88%.

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in Guess’ by 27.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,692 shares of the company’s stock worth $59,000 after purchasing an additional 581 shares during the period. Voya Investment Management LLC grew its stake in Guess’ by 1.8% in the third quarter. Voya Investment Management LLC now owns 38,069 shares of the company’s stock worth $800,000 after purchasing an additional 655 shares in the last quarter. Royal Bank of Canada increased its holdings in Guess’ by 1.4% during the 3rd quarter. Royal Bank of Canada now owns 53,148 shares of the company’s stock worth $1,117,000 after purchasing an additional 725 shares during the period. New York State Teachers Retirement System raised its position in Guess’ by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 69,449 shares of the company’s stock valued at $1,645,000 after purchasing an additional 910 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position 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 in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Guess’ Company Profile (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.

Recommended Stories

Earnings History and Estimates for Guess' (NYSE:GES)



Receive News & Ratings for Guess’ Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Guess’ and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

TagsGuess
Previous Article

Barrick Gold Corporation – Barrick Announces Major ...

Next Article

‘Broker’, ‘Close’, ‘Pacifiction’ land on Screen’s Cannes ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Brokers

    Dozens of Brokers Are Selling Pregnancy Data Post-Roe

    July 30, 2022
    By Megan
  • Brokers

    Ask a mortgage broker: Why are banks secretive about test rates?

    June 6, 2022
    By Megan
  • Brokers

    The insider’s guide to booking spot market loads

    June 6, 2022
    By Megan
  • Brokers

    Securities finance regulation news | SEC charges US-broker TradeZero with misleading customers over meme stock trading

    May 25, 2022
    By Megan
  • Brokers

    Brokers Offer Predictions for SiteOne Landscape Supply, Inc.’s Q3 2022 Earnings (NYSE:SITE)

    July 22, 2022
    By Megan
  • Brokers

    Know more about Top Key Players – The Greater Binghamton Business Journal

    June 2, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Commodities

    Position Your Portfolio In Commodities And Energy

  • Australian Economy

    What the government should do to rein in soaring power prices as some bills go up 18 per cent

  • Brokers

    10 Commercial Brokers Jump Ship From Savills To Cushman & Wakefield

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 8, 2022

    RAND CAPITAL CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

  • August 8, 2022

    Multibagger small-cap stock fixes record date for dividend, takes yield to 3.05%

  • August 8, 2022

    World shares recover after U.S. jobs report sell-off

  • August 8, 2022

    Sisi gives directives to expand distributing subsidized food commodities via army, police, supply outlets: Qabbaj

  • August 8, 2022

    7 Best Ways To Get The Best Currency Exchange Rates

Best Reviews

Latest News

Financial Market

RAND CAPITAL CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form ...

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the consolidated financial statements and related notes included elsewhere in this ...
  • Multibagger small-cap stock fixes record date for dividend, takes yield to 3.05%

    By Megan
    August 8, 2022
  • World shares recover after U.S. jobs report sell-off

    By Megan
    August 8, 2022
  • Sisi gives directives to expand distributing subsidized food commodities via army, police, supply outlets: Qabbaj

    By Megan
    August 8, 2022
  • 7 Best Ways To Get The Best Currency Exchange Rates

    By Megan
    August 8, 2022
  • Recent

  • Popular

  • Comments

  • RAND CAPITAL CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form ...

    By Megan
    August 8, 2022
  • Multibagger small-cap stock fixes record date for dividend, takes yield to 3.05%

    By Megan
    August 8, 2022
  • World shares recover after U.S. jobs report sell-off

    By Megan
    August 8, 2022
  • Sisi gives directives to expand distributing subsidized food commodities via army, police, supply outlets: Qabbaj

    By Megan
    August 8, 2022
  • RAND CAPITAL CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form ...

    By Megan
    August 8, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Financial Market

    RAND CAPITAL CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form ...

    You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the consolidated financial statements and related notes included elsewhere in this ...
  • Stock Shares

    Multibagger small-cap stock fixes record date for dividend, takes yield to 3.05%

    With a market valuation of ₹877.22 crore, Tamilnadu Petroproducts Ltd. is a small-cap company that engages in the chemicals industry. The company manufactures such as Caustic Soda, Chlorine & Derivatives, ...
  • Stock Shares

    World shares recover after U.S. jobs report sell-off

    Euro STOXX gains 0.8% Wall Street set to gain Markets narrow odds on 75 bp hike ahead of U.S. CPI Dollar falls Oil down after earlier gains LONDON, Aug 8 ...
  • Commodities

    Sisi gives directives to expand distributing subsidized food commodities via army, police, supply outlets: Qabbaj

    A worker sells subsidized food commodities at a government-run supermarket in Cairo, Egypt, February 14, 2016. REUTERS/Mohamed Abd El Ghany Minister of Social Solidarity Nevin Qabbaj said on Wednesday that ...
  • Currencies

    7 Best Ways To Get The Best Currency Exchange Rates

    How do you find the best currency exchange rates table? If you’re planning on traveling abroad and need to currency exchange, this can be the most frustrating part of preparing ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.