The Men’s Wearhouse (MW) Releases FY14 Earnings Guidance
The Men’s Wearhouse (MW) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.70-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.75. The company issued revenue guidance of $2.56-2.58 billion, compared to the consensus revenue estimate of $2.55 billion.
MW has been the subject of a number of recent research reports. Analysts at Cowen downgraded shares of The Men’s Wearhouse from an outperform rating to a neutral rating in a research note to investors on Friday, February 1st. Analysts at Zacks downgraded shares of The Men’s Wearhouse from a neutral rating to an underperform rating in a research note to investors on Wednesday, January 2nd. They now have a $29.60 price target on the stock.
Shares of The Men’s Wearhouse (MW) traded down 0.34% during mid-day trading on Wednesday, hitting $29.07. The Men’s Wearhouse (MW) has a 52 week low of $25.97 and a 52 week high of $40.67. The stock’s 50-day moving average is currently $29.60. The company has a market cap of $1.479 billion and a P/E ratio of 11.48.
The Men’s Wearhouse last posted its earnings results on Wednesday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.01. The company had revenue of $608.43 million for the quarter, compared to the consensus estimate of $610.00 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. The Men’s Wearhouse has set its FY14 guidance at $2.70-2.80 EPS. Analysts expect that The Men’s Wearhouse (MW) will post $2.58 EPS for the current fiscal year.
The Men’s Wearhouse, Inc. (The Men’s Wearhouse) is a specialty retailer of men’s suits and a provider of tuxedo rental product in the United States and Canada.
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