Oxford Industries (NYSE:OXM) Releases FY20 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.45-4.65 for the period, compared to the Thomson Reuters consensus estimate of $4.56. The company issued revenue guidance of $1.14-1.16 billion, compared to the consensus revenue estimate of $1.14 billion.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.

Shares of NYSE:OXM traded down $1.59 during trading on Wednesday, hitting $68.80. 431,545 shares of the company’s stock traded hands, compared to its average volume of 159,330. Oxford Industries has a 52 week low of $63.50 and a 52 week high of $97.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 0.77. The stock has a market capitalization of $1.19 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.55 and a beta of 0.49.

Oxford Industries (NYSE:OXM) last released its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.09. Oxford Industries had a return on equity of 15.73% and a net margin of 5.99%. The business had revenue of $282.00 million for the quarter, compared to analysts’ expectations of $276.75 million. During the same quarter in the previous year, the business posted $1.28 EPS. Oxford Industries’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, research analysts expect that Oxford Industries will post 4.56 earnings per share for the current year.

Several equities analysts have recently weighed in on OXM shares. Zacks Investment Research cut Oxford Industries from a hold rating to a sell rating in a report on Tuesday, April 16th. Citigroup started coverage on Oxford Industries in a report on Tuesday, April 16th. They set a buy rating on the stock. Finally, Telsey Advisory Group cut their price objective on Oxford Industries from $82.00 to $78.00 and set a market perform rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $90.25.

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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.

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

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