VF Corp (VFC) Releases FY14 Earnings Guidance
VF Corp (NYSE:VFC) issued an update on its FY14 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $3.06 for the period, compared to the Thomson Reuters consensus estimate of $3.06, StockRatingsNetwork reports.
VF Corp (NYSE:VFC) opened at 60.11 on Friday. VF Corp has a 52-week low of $42.78 and a 52-week high of $63.45. The stock has a 50-day moving average of $60.73 and a 200-day moving average of $58.07. The company has a market cap of $26.472 billion and a P/E ratio of 22.18.
VF Corp (NYSE:VFC) last announced its earnings results on Friday, April 25th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.37. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that VF Corp will post $3.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.75%.
Several analysts have recently commented on the stock. Analysts at Sesquehanna upgraded shares of VF Corp from a neutral rating to a positive rating in a research note on Monday. They now have a $72.00 price target on the stock. On a related note, analysts at Susquehanna upgraded shares of VF Corp from a neutral rating to a positive rating in a research note on Monday. They now have a $72.00 price target on the stock, up previously from $58.00. Finally, analysts at Janney Montgomery Scott reiterated a fair value rating on shares of VF Corp in a research note on Monday, March 24th. They now have a $68.00 price target on the stock, up previously from $65.00. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $133.45.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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