Brokerages Anticipate Oxford Industries, Inc. (NYSE:OXM) Will Announce Earnings of $0.22 Per Share


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Equities analysts expect Oxford Industries, Inc. (NYSE:OXM) to post earnings per share (EPS) of $0.22 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Oxford Industries’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.27. Oxford Industries posted earnings of $1.09 per share during the same quarter last year, which indicates a negative year over year growth rate of 79.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 25th.

On average, analysts expect that Oxford Industries will report full-year earnings of ($1.73) per share for the current fiscal year, with EPS estimates ranging from ($1.81) to ($1.67). For the next financial year, analysts anticipate that the business will report earnings of $3.04 per share, with EPS estimates ranging from $2.90 to $3.21. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Oxford Industries.

Oxford Industries (NYSE:OXM) last posted its quarterly earnings data on Tuesday, December 8th. The textile maker reported ($0.44) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.10) by $0.66. The company had revenue of $175.14 million during the quarter, compared to analyst estimates of $164.42 million. Oxford Industries had a negative net margin of 8.26% and a negative return on equity of 2.98%. The company’s revenue was down 27.4% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share.

Several analysts have recently weighed in on OXM shares. B. Riley raised their price objective on shares of Oxford Industries from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, January 12th. Zacks Investment Research cut shares of Oxford Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, February 10th. Telsey Advisory Group increased their price target on shares of Oxford Industries from $53.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, December 10th. Finally, KeyCorp increased their price target on shares of Oxford Industries from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, December 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.80.

A number of hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can boosted its stake in Oxford Industries by 23,975.3% in the third quarter. Great West Life Assurance Co. Can now owns 4,974,669 shares of the textile maker’s stock valued at $3,049,000 after acquiring an additional 4,954,006 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Oxford Industries by 12.8% during the fourth quarter. Alliancebernstein L.P. now owns 718,023 shares of the textile maker’s stock worth $47,038,000 after purchasing an additional 81,489 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Oxford Industries by 9.6% during the third quarter. Westwood Holdings Group Inc. now owns 628,966 shares of the textile maker’s stock worth $25,385,000 after acquiring an additional 55,172 shares during the period. Cardinal Capital Management LLC CT raised its holdings in shares of Oxford Industries by 7.5% during the third quarter. Cardinal Capital Management LLC CT now owns 596,923 shares of the textile maker’s stock worth $24,092,000 after acquiring an additional 41,462 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in shares of Oxford Industries by 2.0% during the third quarter. GW&K Investment Management LLC now owns 372,461 shares of the textile maker’s stock worth $15,032,000 after acquiring an additional 7,197 shares during the period. 87.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE OXM traded up $0.37 during mid-day trading on Tuesday, hitting $76.95. 1,710 shares of the stock were exchanged, compared to its average volume of 93,782. The company has a market cap of $1.30 billion, a P/E ratio of -18.63 and a beta of 1.61. The stock’s fifty day simple moving average is $70.84 and its two-hundred day simple moving average is $55.04. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.64 and a current ratio of 1.49. Oxford Industries has a twelve month low of $30.37 and a twelve month high of $77.17.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 29th. Shareholders of record on Friday, January 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Oxford Industries’s payout ratio is presently 23.15%.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private label 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 and youth products under the Southern Tide brand.

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