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

Lands’ End (NASDAQ:LE) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.30-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.35. The company issued revenue guidance of $1.45-1.5 billion, compared to the consensus revenue estimate of $1.46 billion.Lands’ End also updated its FY20 guidance to $0.30-0.50 EPS.

Lands’ End stock traded down $0.26 during trading hours on Friday, reaching $12.22. The stock had a trading volume of 314,700 shares, compared to its average volume of 198,038. Lands’ End has a 52 week low of $11.76 and a 52 week high of $28.35. The company has a current ratio of 2.16, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $394.59 million, a P/E ratio of 33.94 and a beta of 1.08. The stock has a 50 day moving average of $13.43.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Tuesday, June 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.09. Lands’ End had a net margin of 0.52% and a return on equity of 2.39%. The firm had revenue of $262.43 million for the quarter, compared to the consensus estimate of $260.64 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, equities analysts anticipate that Lands’ End will post 0.4 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Lands’ End from a hold rating to a sell rating in a report on Wednesday, June 5th. Craig Hallum upgraded shares of Lands’ End from a hold rating to a buy rating in a report on Tuesday, June 4th.

Lands’ End Company Profile

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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