Lands’ End (NASDAQ:LE) Updates Q2 2019 Earnings Guidance

Lands’ End (NASDAQ:LE) updated its second quarter 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $-0.23–0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.13. The company issued revenue guidance of $285-295 million, compared to the consensus revenue estimate of $297.38 million.Lands’ End also updated its FY 2019 guidance to $0.30-0.50 EPS.

Several research analysts have commented on the company. BidaskClub lowered Lands’ End from a hold rating to a sell rating in a research report on Wednesday, June 5th. Craig Hallum raised Lands’ End from a hold rating to a buy rating in a research report on Tuesday, June 4th.

LE stock traded up $0.13 during midday trading on Wednesday, hitting $12.25. 99,400 shares of the stock were exchanged, compared to its average volume of 197,666. The stock’s 50-day moving average is $13.58. The stock has a market capitalization of $391.05 million, a PE ratio of 34.03 and a beta of 1.08. Lands’ End has a fifty-two week low of $11.76 and a fifty-two week high of $28.35. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.53 and a current ratio of 2.16.

Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Tuesday, June 4th. The company reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.09. Lands’ End had a return on equity of 2.39% and a net margin of 0.52%. The company had revenue of $262.43 million during the quarter, compared to analysts’ expectations of $260.64 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. Analysts predict that Lands’ End will post 0.4 EPS for the current fiscal year.

About Lands’ End

Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through U.S. eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, and Retail segments. It offers casual clothing, accessories, footwear, and home products.

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