Oxford Industries (NYSE:OXM) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.10-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18. The company issued revenue guidance of $235-245 million, compared to the consensus revenue estimate of $246.12 million.Oxford Industries also updated its FY19 guidance to $4.45-4.65 EPS.
Oxford Industries stock traded down $1.30 during mid-day trading on Friday, reaching $84.21. 84,201 shares of the company were exchanged, compared to its average volume of 132,963. Oxford Industries has a 12-month low of $60.42 and a 12-month high of $97.19. The company has a quick ratio of 0.96, a current ratio of 2.07 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.53 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.96 and a beta of 0.18.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, September 12th. The textile maker reported $1.83 EPS for the quarter, meeting the consensus estimate of $1.83. Oxford Industries had a return on equity of 16.20% and a net margin of 6.61%. The firm had revenue of $302.60 million during the quarter, compared to analyst estimates of $306.12 million. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts expect that Oxford Industries will post 4.6 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.62%. Oxford Industries’s dividend payout ratio is presently 37.16%.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Oxford Industries from a hold rating to a buy rating and set a $107.00 price objective for the company in a report on Thursday, August 23rd. KeyCorp upped their target price on Oxford Industries from $98.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, August 21st. B. Riley upped their target price on Oxford Industries from $93.00 to $97.00 and gave the company a buy rating in a research report on Wednesday, June 13th. Citigroup upped their target price on Oxford Industries from $90.00 to $102.00 and gave the company a buy rating in a research report on Monday, September 17th. Finally, SunTrust Banks upped their target price on Oxford Industries to $97.00 and gave the company a buy rating in a research report on Thursday, September 13th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Oxford Industries currently has an average rating of Buy and an average price target of $96.25.
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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