Oxford Industries (NYSE:OXM) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.25-4.45 for the period, compared to the Thomson Reuters consensus estimate of $4.54. 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 Q3 2019 guidance to $0.01-0.11 EPS.
OXM has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Oxford Industries from a buy rating to a hold rating in a research report on Wednesday, August 14th. ValuEngine upgraded shares of Oxford Industries from a sell rating to a hold rating in a research note on Friday, August 2nd. Finally, Telsey Advisory Group lowered their price target on shares of Oxford Industries from $82.00 to $78.00 and set a market perform rating for the company in a report on Monday, June 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $86.00.
Shares of NYSE:OXM traded up $1.39 during trading on Wednesday, hitting $79.50. The company’s stock had a trading volume of 637,400 shares, compared to its average volume of 175,386. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 1.64. Oxford Industries has a fifty-two week low of $63.50 and a fifty-two week high of $93.52. The stock’s 50-day moving average price is $69.27 and its two-hundred day moving average price is $74.27. The company has a market capitalization of $1.33 billion, a PE ratio of 18.40, a PEG ratio of 1.65 and a beta of 0.48.
Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The firm had revenue of $282.00 million during the quarter, compared to analyst estimates of $276.75 million. During the same quarter last year, the firm earned $1.28 EPS. Oxford Industries’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that Oxford Industries will post 4.57 earnings per share for the current fiscal year.
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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