Oxford Industries (NYSE:OXM) Issues FY 2019 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.57. The company issued revenue guidance of $1.135-1.155 billion, compared to the consensus revenue estimate of $1.14 billion.Oxford Industries also updated its Q2 2019 guidance to $1.80-1.90 EPS.

Shares of OXM stock traded down $1.59 on Wednesday, hitting $68.80. The stock had a trading volume of 430,993 shares, compared to its average volume of 159,330. Oxford Industries has a twelve month low of $63.50 and a twelve month high of $97.19. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.55 and a beta of 0.49. The company has a quick ratio of 0.77, a current ratio of 1.90 and a debt-to-equity ratio of 0.03.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Thursday, March 28th. The textile maker reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. The business had revenue of $298.54 million for the quarter, compared to analysts’ expectations of $301.84 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. Research analysts expect that Oxford Industries will post 4.56 earnings per share for the current year.

OXM has been the topic of a number of research analyst reports. Citigroup initiated coverage on shares of Oxford Industries in a report on Tuesday, April 16th. They issued a buy rating on the stock. Zacks Investment Research upgraded shares of Oxford Industries from a sell rating to a hold rating in a research report on Wednesday, April 10th. Finally, Telsey Advisory Group reiterated a market perform rating and set a $82.00 price target (up previously from $76.00) on shares of Oxford Industries in a research report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $90.25.

COPYRIGHT VIOLATION WARNING: This article was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2019/06/12/oxford-industries-nyseoxm-issues-fy-2019-earnings-guidance.html.

Oxford Industries Company Profile

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.

See Also: How interest rates affect municipal bond prices

Earnings History and Estimates for Oxford Industries (NYSE:OXM)

Receive News & Ratings for Oxford Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Industries and related companies with MarketBeat.com's FREE daily email newsletter.