Oxford Industries (NYSE:OXM) Updates Q2 Earnings Guidance

Oxford Industries (NYSE:OXM) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.80-1.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.93. The company issued revenue guidance of $300-310 million, compared to the consensus revenue estimate of $313.11 million.Oxford Industries also updated its FY 2019 guidance to $4.45-4.65 EPS.

Several brokerages recently issued reports on OXM. Zacks Investment Research raised shares of Oxford Industries from a sell rating to a hold rating in a report on Thursday, May 30th. Telsey Advisory Group reaffirmed a market perform rating and set a $82.00 price target (up from $76.00) on shares of Oxford Industries in a report on Thursday, April 18th. Finally, Citigroup began coverage on shares of Oxford Industries in a report on Tuesday, April 16th. They set a buy rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Oxford Industries currently has a consensus rating of Buy and a consensus target price of $90.25.

Shares of Oxford Industries stock traded down $1.59 during midday trading on Wednesday, hitting $68.80. 431,545 shares of the company traded hands, compared to its average volume of 159,330. The firm 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. The company has a current ratio of 1.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. Oxford Industries has a 12 month low of $63.50 and a 12 month high of $97.19.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings results on Wednesday, June 12th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.09. The company had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.75 million. Oxford Industries had a net margin of 5.99% and a return on equity of 15.73%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. As a group, research analysts anticipate that Oxford Industries will post 4.56 earnings per share for the current year.

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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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