G-III Apparel Group (GIII) Projected to Post Quarterly Earnings on Thursday

G-III Apparel Group (NASDAQ:GIII) will likely be announcing its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $808.59 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $2.78 EPS. G-III Apparel Group’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts expect G-III Apparel Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

G-III Apparel Group Price Performance

Shares of GIII opened at $25.92 on Wednesday. G-III Apparel Group has a 12-month low of $20.66 and a 12-month high of $36.18. The business’s fifty day moving average is $29.83 and its 200 day moving average is $30.51. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.14 billion, a P/E ratio of 6.80 and a beta of 2.09.

Analyst Upgrades and Downgrades

GIII has been the topic of a number of recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $38.00 target price on shares of G-III Apparel Group in a report on Wednesday, December 18th. Guggenheim increased their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. KeyCorp increased their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. UBS Group dropped their price objective on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, StockNews.com cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, G-III Apparel Group currently has a consensus rating of “Hold” and an average price target of $33.33.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.