Oxford Industries (NYSE:OXM) Issues Q2 Earnings Guidance
Oxford Industries (NYSE:OXM) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.93. The company issued revenue guidance of $300-310 million, compared to the consensus revenue estimate of $313.11 million.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.
Shares of OXM traded down $1.59 during mid-day trading on Wednesday, hitting $68.80. 431,545 shares of the company traded hands, compared to its average volume of 159,330. Oxford Industries has a one year low of $63.50 and a one year high of $97.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77. The stock has a market capitalization of $1.19 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.55 and a beta of 0.49.
Oxford Industries (NYSE:OXM) last released its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.09. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The business had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.75 million. During the same period in the prior year, the firm earned $1.28 earnings per share. Oxford Industries’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that Oxford Industries will post 4.56 EPS for the current year.
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About Oxford Industries
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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