Guess? (NYSE:GES) issued an update on its first quarter 2020 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.29–0.25 for the period, compared to the Thomson Reuters consensus estimate of $-0.14. The company issued revenue guidance of $534.321-539.534 million, compared to the consensus revenue estimate of $536.52 million.Guess? also updated its FY 2020 guidance to $1.09-1.21 EPS.
Shares of NYSE:GES traded down $0.45 during trading on Wednesday, hitting $22.07. 1,975,327 shares of the stock were exchanged, compared to its average volume of 872,181. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 0.95. Guess? has a 12-month low of $14.93 and a 12-month high of $26.95.
Several equities research analysts have recently commented on GES shares. ValuEngine raised Guess? from a hold rating to a buy rating in a research note on Friday, February 8th. Jefferies Financial Group upgraded Guess? from a hold rating to a buy rating and set a $24.00 price target for the company in a report on Thursday, February 7th. Zacks Investment Research upgraded Guess? from a hold rating to a buy rating and set a $25.00 price target for the company in a report on Friday, November 30th. Finally, TheStreet downgraded Guess? from a b rating to a c+ rating in a report on Thursday, November 29th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Guess? presently has a consensus rating of Buy and an average target price of $23.40.
In related news, Director Anthony Chidoni sold 12,000 shares of the stock in a transaction on Friday, December 21st. The stock was sold at an average price of $18.87, for a total value of $226,440.00. Following the completion of the sale, the director now directly owns 172,290 shares in the company, valued at approximately $3,251,112.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 31.30% of the stock is currently owned by corporate insiders.
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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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