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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.