Oxford Industries Inc (NYSE:OXM) Expected to Post Earnings of $0.09 Per Share

Wall Street brokerages predict that Oxford Industries Inc (NYSE:OXM) will announce $0.09 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Oxford Industries’ earnings. Oxford Industries posted earnings of $0.14 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 35.7%. The business is expected to announce its next quarterly earnings results on Wednesday, December 11th.

According to Zacks, analysts expect that Oxford Industries will report full year earnings of $4.36 per share for the current year, with EPS estimates ranging from $4.35 to $4.37. For the next year, analysts expect that the firm will report earnings of $4.64 per share, with EPS estimates ranging from $4.60 to $4.71. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Oxford Industries.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, September 11th. The textile maker reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by ($0.02). Oxford Industries had a return on equity of 15.05% and a net margin of 6.27%. The company had revenue of $302.00 million during the quarter, compared to analyst estimates of $306.98 million. During the same period in the prior year, the business earned $1.83 earnings per share. Oxford Industries’s quarterly revenue was down .2% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Oxford Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. ValuEngine raised Oxford Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. B. Riley dropped their target price on Oxford Industries from $97.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Telsey Advisory Group lowered their price target on Oxford Industries from $78.00 to $72.00 and set a “market perform” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $83.71.

Several institutional investors and hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC increased its holdings in shares of Oxford Industries by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,445 shares of the textile maker’s stock valued at $410,000 after purchasing an additional 181 shares during the period. Arizona State Retirement System increased its holdings in shares of Oxford Industries by 1.0% during the second quarter. Arizona State Retirement System now owns 26,403 shares of the textile maker’s stock valued at $2,001,000 after purchasing an additional 249 shares during the period. Piedmont Investment Advisors Inc. increased its holdings in shares of Oxford Industries by 6.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 4,286 shares of the textile maker’s stock valued at $323,000 after purchasing an additional 256 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Oxford Industries by 7.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,586 shares of the textile maker’s stock valued at $348,000 after purchasing an additional 330 shares during the period. Finally, Comerica Bank increased its holdings in shares of Oxford Industries by 0.7% during the first quarter. Comerica Bank now owns 56,159 shares of the textile maker’s stock valued at $4,409,000 after purchasing an additional 373 shares during the period. 98.57% of the stock is currently owned by institutional investors.

NYSE OXM traded down $0.22 during trading hours on Friday, hitting $73.93. The company had a trading volume of 198,924 shares, compared to its average volume of 199,999. Oxford Industries has a fifty-two week low of $63.50 and a fifty-two week high of $93.52. The company has a quick ratio of 0.70, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $69.54 and a 200-day simple moving average of $74.23. The firm has a market cap of $1.26 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.48.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, October 17th. Oxford Industries’s dividend payout ratio (DPR) is 34.26%.

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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