G-III Apparel Group, Ltd. (NASDAQ: GIII) to report earnings of $ 1.75 per share

Wall Street brokers expect G-III Apparel Group, Ltd. (NASDAQ: GIII) Reports Earnings Per Share (EPS) of $ 1.75 for Current Fiscal Quarter, According to Zack. Five analysts have released earnings estimates for G-III Apparel Group. The lowest EPS estimate is $ 1.71 and the highest is $ 1.86. G-III Apparel Group posted earnings per share of $ 1.31 in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.6%. The company is expected to release its next quarterly earnings report on Tuesday, December 14.

On average, analysts expect G-III Apparel Group to report annual earnings of $ 3.18 per share for the current year, with EPS estimates ranging from $ 3.15 to $ 3.22 . For next year, analysts expect the company to post earnings of $ 3.53 per share, with EPS estimates ranging from $ 3.33 to $ 3.75. Zacks Investment Research’s EPS calculations are an average based on a survey of research companies that follow G-III Apparel Group.

G-III Apparel Group (NASDAQ: GIII) last released its quarterly earnings data on Wednesday, September 1. The textile maker reported earnings per share (EPS) of $ 0.39 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.10 of $ 0.29. The company posted revenue of $ 483.10 million for the quarter, compared to $ 467.04 million expected by analysts. G-III Apparel Group recorded a return on equity of 9.88% and a net margin of 5.23%. The company’s revenue for the quarter increased 62.6% year-over-year. During the same period of the previous year, the company made EPS ($ 0.31).

Several research firms have recently weighed on GIII. Telsey Advisory Group increased its target price on G-III Apparel Group from $ 33.00 to $ 38.00 and gave the company a “market performance” rating in a research report released on Tuesday, June 8. Zacks investment research upgraded G-III Apparel Group from a “conservation” rating to a “strong buy” rating and set a target price of $ 34.00 on the stock in a research report on Monday, September 6. B. Riley increased his target price on G-III Apparel Group from $ 39.00 to $ 41.00 and gave the company a “buy” rating in a research report on Tuesday, June 8. Finally, Barclays raised its price target on G-III Apparel Group from $ 27.00 to $ 30.00 and gave the company an “underweight” rating in a research report published on Tuesday, June 8. One research analyst gave the stock a sell rating, three assigned a conservation rating, two assigned a buy rating, and one assigned a high buy rating to the company’s stock. According to MarketBeat.com, G-III Apparel Group currently has an average “Hold” rating and an average target price of $ 33.29.

(A d)

The explosive rise in tech stocks we saw in 2020 is just the start …

“The Earnings Whisperer” Louis Navellier posted a video detailing several key steps he believes every American should take right now.

A number of institutional investors have recently changed their positions in the company. Public Employees Retirement System of Ohio increased its position in G-III Apparel Group stocks by 3.7% in the first quarter. The Ohio State Employee Retirement System now owns 9,444 shares of the textile maker worth $ 285,000 after buying 339 more shares in the last quarter. Mutual of America Capital Management LLC increased its position in G-III Apparel Group shares by 6.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 6,189 shares of the textile maker valued at $ 203,000 after purchasing an additional 377 shares in the last quarter. PNC Financial Services Group Inc. increased its position in G-III Apparel Group shares by 2.7% in the first quarter. PNC Financial Services Group Inc. now owns 16,867 shares of the textile maker valued at $ 509,000 after purchasing 442 additional shares in the last quarter. PDT Partners LLC increased its position in G-III Apparel Group shares by 7.0% during the 2nd quarter. PDT Partners LLC now owns 7,169 shares of the textile maker valued at $ 236,000 after purchasing an additional 469 shares in the last quarter. Finally, Verity Asset Management Inc. increased its position in G-III Apparel Group shares by 2.9% during the second quarter. Verity Asset Management Inc. now owns 21,244 shares of the textile maker valued at $ 698,000 after purchasing an additional 593 shares in the last quarter. 92.26% of the shares are currently held by institutional investors.

The NASDAQ GIII opened at $ 29.93 on Friday. The company has a market cap of $ 1.45 billion, a P / E ratio of 11.92, a P / E / G ratio of 0.80 and a beta of 3.00. The company has a debt to equity ratio of 0.37, a quick ratio of 1.98, and a current ratio of 3.01. The company’s 50-day mobile average price is $ 29.93 and its 200-day mobile average price is $ 31.31. G-III Apparel Group has a 52-week low of $ 13.01 and a 52-week high of $ 35.80.

Company profile of the clothing group G-III

G-III Apparel Group Ltd. deals with the design, sourcing and marketing of women’s clothing. The company’s product line includes outerwear, dresses, sportswear, swimwear, women’s suits and performance wear; as well as handbags, shoes, small leather goods, cold weather accessories and luggage. It operates through the wholesale and retail segments.

Further reading: Liquidity

Get a Free Copy of Zacks’ Research Report on G-III Apparel Group (GIII)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

History and earnings estimates for G-III Apparel Group (NASDAQ: GIII)

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in G-III Apparel Group now?

Before you consider G-III Apparel Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and G-III Apparel Group was not on the list.

While G-III Apparel Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Source link

Comments are closed.