Guess?, Inc. (GES) to Issue Quarterly Dividend of $0.30 on December 27th

Guess?, Inc. (NYSE:GES) declared a quarterly dividend on Tuesday, November 26th,Wall Street Journal reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.30 per share on Friday, December 27th. This represents a $1.20 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date is Wednesday, December 11th.

Guess? has raised its dividend payment by an average of 71.0% per year over the last three years. Guess? has a dividend payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Guess? to earn $2.87 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 41.8%.

Guess? Price Performance

Shares of NYSE GES opened at $16.39 on Thursday. Guess? has a twelve month low of $15.24 and a twelve month high of $33.50. The firm has a market cap of $842.81 million, a P/E ratio of 6.61 and a beta of 1.94. The company has a 50 day moving average of $18.26 and a 200 day moving average of $20.74. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01.

Guess? (NYSE:GES) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Guess? had a return on equity of 24.18% and a net margin of 6.05%. The firm had revenue of $738.52 million during the quarter, compared to analysts’ expectations of $747.36 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Guess?’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Guess? will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

GES has been the subject of a number of recent analyst reports. UBS Group decreased their price objective on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday. Telsey Advisory Group decreased their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Guess? has an average rating of “Hold” and a consensus price target of $25.00.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.