Oxford Industries (NYSE:OXM) Releases FY 2024 Earnings Guidance

Oxford Industries (NYSE:OXM) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.000-0.200 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of $310.0 million-$325.0 million, compared to the consensus revenue estimate of $352.5 million. Oxford Industries also updated its FY25 guidance to $7.00-7.30 EPS.

Oxford Industries Stock Up 1.3 %

OXM opened at $85.15 on Friday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 34.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.32. The firm’s 50-day simple moving average is $92.74 and its 200-day simple moving average is $100.84. Oxford Industries has a twelve month low of $74.95 and a twelve month high of $113.88.

Oxford Industries (NYSE:OXM) last released its quarterly earnings results 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 analyst estimates of $438.16 million. Oxford Industries had a net margin of 1.92% and a return on equity of 22.19%. Oxford Industries’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $3.45 earnings per share. Equities research analysts anticipate that Oxford Industries will post 8.8 EPS for the current fiscal year.

Oxford Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a $0.67 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.68 annualized dividend and a yield of 3.15%. Oxford Industries’s payout ratio is 108.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OXM shares. UBS Group lowered their target price on Oxford Industries from $101.00 to $91.00 and set a neutral rating for the company in a research note on Thursday, September 5th. Citigroup lowered their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a sell rating for the company in a research report on Friday. Finally, Telsey Advisory Group reduced their target price on shares of Oxford Industries from $110.00 to $86.00 and set a market perform rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $90.40.

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.