Oxford Industries (NYSE:OXM) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS
Oxford Industries (NYSE:OXM) released its quarterly earnings results on Wednesday. The textile maker reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.09, RTT News reports. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The company had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.75 million. During the same quarter last year, the firm posted $1.28 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year.
OXM stock traded down $1.59 during trading hours on Wednesday, hitting $68.80. 431,545 shares of the stock were exchanged, compared to its average volume of 159,330. 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 price-to-earnings ratio of 15.93, a PEG ratio of 1.55 and a beta of 0.49. Oxford Industries has a 12 month low of $63.50 and a 12 month high of $97.19.
OXM has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Telsey Advisory Group reduced their target price on shares of Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Citigroup began coverage on Oxford Industries in a report on Tuesday, April 16th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $90.25.
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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