Tailored Brands (NYSE:TLRD) announced its earnings results on Wednesday. The company reported $1.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07, Bloomberg Earnings reports. The company had revenue of $823.00 million during the quarter, compared to the consensus estimate of $828.36 million. Tailored Brands had a net margin of 3.26% and a negative return on equity of 488.59%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 earnings per share. Tailored Brands updated its FY19 guidance to $2.35-2.50 EPS.

NYSE TLRD traded up $0.35 during trading hours on Wednesday, reaching $23.94. 3,615,200 shares of the company were exchanged, compared to its average volume of 1,331,351. Tailored Brands has a 1 year low of $13.11 and a 1 year high of $35.94. The company has a debt-to-equity ratio of -34.32, a quick ratio of 0.45 and a current ratio of 1.97. The company has a market capitalization of $1.13 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.57 and a beta of 1.70.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 18th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, September 17th. This represents a $0.72 dividend on an annualized basis and a yield of 3.01%. Tailored Brands’s dividend payout ratio (DPR) is presently 32.73%.

TLRD has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Tailored Brands from a “sell” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Saturday, September 1st. Deutsche Bank decreased their price objective on shares of Tailored Brands from $31.00 to $28.00 and set a “hold” rating for the company in a report on Monday, August 20th. Finally, ValuEngine downgraded shares of Tailored Brands from a “buy” rating to a “hold” rating in a report on Friday, June 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Tailored Brands has an average rating of “Buy” and a consensus price target of $23.33.

In related news, Director Dinesh S. Lathi sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $27.09, for a total transaction of $81,270.00. Following the completion of the sale, the director now owns 19,757 shares in the company, valued at $535,217.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

About Tailored Brands

Tailored Brands, Inc operates as a specialty apparel retailer the United States, Puerto Rico, and Canada. It operates through two segments, Retail and Corporate Apparel. The Retail segment offers suits, suit separates, sport coats, slacks, formalwear, business casual, denim, sportswear, outerwear, dress shirts, shoes, and accessories for men.

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Earnings History for Tailored Brands (NYSE:TLRD)

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