G-III Apparel Group (NASDAQ:GIII) Issues FY 2020 Pre-Market Earnings Guidance

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G-III Apparel Group (NASDAQ:GIII) issued an update on its FY 2020
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.06-3.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.16. The company issued revenue guidance of $3.2-3.2 billion, compared to the consensus revenue estimate of $3.28 billion.G-III Apparel Group also updated its FY20 guidance to $3.06-3.16 EPS.

GIII has been the subject of several research reports. Piper Jaffray Companies increased their price target on G-III Apparel Group from $22.00 to $25.00 and gave the stock a neutral rating in a research note on Thursday, September 12th. Wells Fargo & Co began coverage on G-III Apparel Group in a research note on Monday, September 23rd. They issued a market perform rating and a $26.00 price objective on the stock. BidaskClub raised shares of G-III Apparel Group from a sell rating to a hold rating in a report on Wednesday, November 6th. Bank of America raised shares of G-III Apparel Group from a neutral rating to a buy rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group increased their target price on shares of G-III Apparel Group from $23.00 to $28.00 and gave the stock a market perform rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. G-III Apparel Group presently has an average rating of Hold and a consensus target price of $29.27.

Shares of GIII opened at $28.89 on Friday. The stock’s 50-day simple moving average is $27.79 and its 200 day simple moving average is $26.19. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 2.08. G-III Apparel Group has a 52-week low of $18.18 and a 52-week high of $43.98.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Wednesday, December 4th. The textile maker reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.05. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts forecast that G-III Apparel Group will post 3.19 earnings per share for the current fiscal year.

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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