G-III Apparel Group (GIII) Expected to Announce Earnings on Thursday

G-III Apparel Group (NASDAQ:GIII) is expected to post its quarterly earnings results before the market opens on Thursday, March 13th. Analysts expect G-III Apparel Group to post earnings of $0.97 per share and revenue of $808.59 million for the quarter. G-III Apparel Group has set its FY 2025 guidance at 4.100-4.200 EPS and its FY25 guidance at $4.10-$4.20 EPS.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.33. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business posted $2.78 EPS. G-III Apparel Group’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect G-III Apparel Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $25.66 on Thursday. G-III Apparel Group has a 1 year low of $20.66 and a 1 year high of $36.18. The firm’s fifty day simple moving average is $30.50 and its 200 day simple moving average is $30.51. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.13 billion, a PE ratio of 6.73 and a beta of 2.07.

Analyst Upgrades and Downgrades

GIII has been the topic of a number of research analyst reports. Guggenheim raised their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Barclays lifted their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, December 11th. KeyCorp lifted their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 18th. Finally, UBS Group decreased their target price on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.33.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.