Tailored Brands (NYSE:TLRD) Releases Q2 Earnings Guidance

Tailored Brands (NYSE:TLRD) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.65-$0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.96. Tailored Brands also updated its Q2 2019 guidance to $0.65-0.70 EPS.

A number of brokerages recently issued reports on TLRD. B. Riley set a $10.00 price objective on Tailored Brands and gave the company a hold rating in a research note on Friday, May 17th. Zacks Investment Research upgraded Tailored Brands from a strong sell rating to a hold rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Tailored Brands currently has an average rating of Hold and an average price target of $19.67.

Shares of NYSE:TLRD traded down $0.36 during mid-day trading on Wednesday, reaching $5.54. 3,370,190 shares of the company traded hands, compared to its average volume of 2,037,467. The company has a market cap of $279.01 million, a PE ratio of 2.40 and a beta of 1.93. The company has a current ratio of 1.91, a quick ratio of 0.37 and a debt-to-equity ratio of 317.61. Tailored Brands has a 52 week low of $5.13 and a 52 week high of $34.94.

Tailored Brands (NYSE:TLRD) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.01. The company had revenue of $785.76 million during the quarter, compared to the consensus estimate of $801.24 million. Tailored Brands had a negative return on equity of 1,944.45% and a net margin of 2.57%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Equities research analysts predict that Tailored Brands will post 1.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.00%. Tailored Brands’s dividend payout ratio (DPR) is presently 31.17%.

In other Tailored Brands news, insider Carrie Ann Ask purchased 13,500 shares of the company’s stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $7.41 per share, for a total transaction of $100,035.00. Following the purchase, the insider now directly owns 20,962 shares of the company’s stock, valued at approximately $155,328.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian T. Vaclavik purchased 4,250 shares of the company’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $8.16 per share, with a total value of $34,680.00. Following the completion of the purchase, the chief accounting officer now directly owns 19,699 shares in the company, valued at $160,743.84. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

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Tailored Brands Company Profile

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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Earnings History and Estimates for Tailored Brands (NYSE:TLRD)

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