Guess?, Inc. (GES) to Issue Quarterly Dividend of $0.23 on September 22nd
Guess?, Inc. (NYSE:GES) declared a quarterly dividend on Wednesday, August 23rd, RTT News reports. Investors of record on Wednesday, September 6th will be paid a dividend of 0.225 per share on Friday, September 22nd. This represents a $0.90 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend is Friday, September 1st.
Guess? has raised its dividend payment by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Guess? has a dividend payout ratio of 160.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Guess? to earn $0.68 per share next year, which means the company may not be able to cover its $0.90 annual dividend with an expected future payout ratio of 132.4%.
Guess? (GES) opened at 15.66 on Friday. Guess? has a 52-week low of $9.56 and a 52-week high of $18.23. The stock has a 50 day moving average of $12.97 and a 200-day moving average of $11.97. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 143.67 and a beta of 0.42.
Guess? (NYSE:GES) last released its quarterly earnings data on Wednesday, August 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Guess? had a return on equity of 4.16% and a net margin of 0.43%. The company had revenue of $573.69 million for the quarter, compared to analyst estimates of $559.82 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts forecast that Guess? will post $0.52 EPS for the current year.
Several research firms recently commented on GES. Evercore ISI began coverage on Guess? in a research report on Friday. They set a “buy” rating for the company. Jefferies Group LLC set a $11.00 target price on Guess? and gave the company a “hold” rating in a report on Wednesday, August 16th. FBR & Co set a $16.00 target price on Guess? and gave the company a “buy” rating in a report on Saturday, July 22nd. Cowen and Company set a $14.00 target price on Guess? and gave the company a “hold” rating in a report on Thursday. Finally, Zacks Investment Research upgraded Guess? from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $13.77.
In other news, CEO Amigo Victor Herrero bought 3,274 shares of Guess? stock in a transaction dated Monday, June 26th. The shares were purchased at an average cost of $11.70 per share, with a total value of $38,305.80. Following the completion of the acquisition, the chief executive officer now owns 392,848 shares of the company’s stock, valued at approximately $4,596,321.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 29.60% of the stock is owned by company insiders.
Guess?, Inc designs, markets, distributes and licenses a lifestyle collections of apparel and accessories for men, women and children. The Company operates through five segments: Americas Retail, Europe, Asia, Americas Wholesale and Licensing. The Americas Retail segment includes the Company’s retail and e-commerce operations in North and Central America and its retail operations in South America.
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