Wall Street brokerages expect Tailored Brands Inc (NYSE:TLRD) to announce sales of $707.43 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Tailored Brands’ earnings, with the highest sales estimate coming in at $714.95 million and the lowest estimate coming in at $699.91 million. Tailored Brands reported sales of $785.76 million during the same quarter last year, which would suggest a negative year over year growth rate of 10%. The firm is expected to issue its next earnings report on Wednesday, March 11th.

On average, analysts expect that Tailored Brands will report full year sales of $3.01 billion for the current financial year, with estimates ranging from $3.00 billion to $3.02 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.85 billion, with estimates ranging from $2.84 billion to $2.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tailored Brands.

Tailored Brands (NYSE:TLRD) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $729.50 million during the quarter, compared to the consensus estimate of $715.43 million. Tailored Brands had a negative net margin of 1.36% and a negative return on equity of 427.30%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS.

TLRD has been the subject of a number of analyst reports. B. Riley decreased their price objective on Tailored Brands from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Zacks Investment Research cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Saturday, December 14th. Finally, ValuEngine cut shares of Tailored Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

A number of hedge funds and other institutional investors have recently made changes to their positions in TLRD. Meeder Asset Management Inc. purchased a new position in Tailored Brands during the third quarter valued at $31,000. Denali Advisors LLC purchased a new position in Tailored Brands in the 4th quarter valued at approximately $47,000. Iron Financial LLC purchased a new position in Tailored Brands in the 4th quarter valued at approximately $52,000. Magnus Financial Group LLC purchased a new position in Tailored Brands in the 4th quarter valued at approximately $53,000. Finally, Millennium Management LLC grew its stake in Tailored Brands by 126.5% in the 3rd quarter. Millennium Management LLC now owns 12,523 shares of the company’s stock valued at $55,000 after buying an additional 6,995 shares in the last quarter. 85.61% of the stock is currently owned by institutional investors and hedge funds.

Tailored Brands stock traded down $0.14 during mid-day trading on Monday, hitting $3.94. The company’s stock had a trading volume of 1,503,650 shares, compared to its average volume of 2,270,522. The firm’s 50 day moving average is $4.16 and its 200 day moving average is $4.65. The company has a market cap of $197.56 million, a PE ratio of -4.58 and a beta of 1.86. The company has a debt-to-equity ratio of 418.48, a current ratio of 1.36 and a quick ratio of 0.19. Tailored Brands has a 52-week low of $3.70 and a 52-week high of $13.58.

About Tailored Brands

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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Earnings History and Estimates for Tailored Brands (NYSE:TLRD)

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