G-III Apparel Group (NASDAQ:GIII) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.06-3.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.16. The company issued revenue guidance of $3.20 billion, compared to the consensus revenue estimate of $3.29 billion.G-III Apparel Group also updated its FY 2020
Pre-Market guidance to 3.06-3.16 EPS.

Shares of NASDAQ:GIII opened at $28.51 on Wednesday. The business’s 50 day moving average is $27.62 and its 200 day moving average is $26.25. G-III Apparel Group has a 12-month low of $18.18 and a 12-month high of $43.98. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.26 and a beta of 1.55. The company has a quick ratio of 0.88, a current ratio of 2.08 and a debt-to-equity ratio of 0.71.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, September 5th. The textile maker reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The business had revenue of $643.90 million during the quarter, compared to analyst estimates of $656.16 million. During the same period in the prior year, the firm posted $0.22 EPS. G-III Apparel Group’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts expect that G-III Apparel Group will post 3.19 earnings per share for the current year.

GIII has been the subject of several analyst reports. Needham & Company LLC lowered their target price on shares of G-III Apparel Group from $47.00 to $34.00 and set a buy rating for the company in a report on Tuesday, September 3rd. Zacks Investment Research raised shares of G-III Apparel Group from a sell rating to a hold rating and set a $30.00 price target on the stock in a research report on Wednesday, November 6th. Barclays started coverage on shares of G-III Apparel Group in a report on Tuesday, November 12th. They set an equal weight rating and a $27.00 price target on the stock. Wells Fargo & Co started coverage on shares of G-III Apparel Group in a research note on Monday, September 23rd. They issued a market perform rating and a $26.00 price objective for the company. Finally, BidaskClub raised shares of G-III Apparel Group from a sell rating to a hold rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $28.30.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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