Oxford Industries (NYSE:OXM) Releases Q3 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.00-0.20 for the period, compared to the consensus EPS estimate of $1.09. The company issued revenue guidance of $310-325 million, compared to the consensus revenue estimate of $352.47 million. Oxford Industries also updated its FY 2024 guidance to 0.000-0.200 EPS.

Oxford Industries Stock Performance

Shares of OXM opened at $84.12 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $92.98 and a 200 day simple moving average of $100.95. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 34.05 and a beta of 1.53. Oxford Industries has a 12 month low of $74.95 and a 12 month high of $113.88.

Oxford Industries (NYSE:OXM) last announced its quarterly earnings data on Wednesday, September 11th. The textile maker reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.23). The firm had revenue of $419.89 million during the quarter, compared to the consensus estimate of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 22.19%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $3.45 EPS. Research analysts forecast that Oxford Industries will post 8.8 EPS for the current fiscal year.

Oxford Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, October 18th. Oxford Industries’s dividend payout ratio is 108.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on OXM shares. UBS Group cut their target price on shares of Oxford Industries from $101.00 to $91.00 and set a neutral rating for the company in a research note on Thursday, September 5th. Telsey Advisory Group reduced their price objective on Oxford Industries from $110.00 to $86.00 and set a market perform rating for the company in a report on Thursday. Finally, Citigroup lowered their target price on Oxford Industries from $94.00 to $92.00 and set a sell rating on the stock in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $95.80.

Oxford Industries Company Profile

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.