PVH Corp (PVH) Announces Quarterly Earnings, Misses Expectations By $0.02 EPS
PVH Corp (NYSE:PVH) announced its earnings results on Wednesday. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by $0.02, Analyst RN reports. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. PVH Corp updated its Q2 guidance to $1.40-1.45 EPS and its FY15 guidance to $7.30-7.40 EPS.
A number of analysts have recently weighed in on PVH shares. Analysts at Cowen and Company raised their price target on shares of PVH Corp from $140.00 to $145.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of PVH Corp from $130.00 to $131.00 in a research note on Tuesday, May 13th. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of PVH Corp in a research note on Friday, April 11th. They now have a $125.00 price target on the stock, up previously from $120.00. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. PVH Corp has an average rating of “Buy” and a consensus price target of $143.29.
Shares of PVH Corp (NYSE:PVH) traded up 0.27% on Wednesday, hitting $130.68. The stock had a trading volume of 2,111,340 shares. PVH Corp has a 1-year low of $107.09 and a 1-year high of $138.94. The stock has a 50-day moving average of $128.1 and a 200-day moving average of $126.4. The company has a market cap of $10.742 billion and a price-to-earnings ratio of 75.03.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Wednesday, May 21st.
PVH Corporation manufactures and sells dress shirts, sportswear and footwear for men, women and children.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.