PVH Corp (PVH) Releases Q2 Earnings Guidance
PVH Corp (NYSE:PVH) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.40-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.48, Stock Ratings News reports. The company issued revenue guidance of ~$2 billion, compared to the consensus revenue estimate of $2.01 billion.PVH Corp also updated its FY15 guidance to $7.30-7.40 EPS.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $143.29.
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 52 week low of $107.09 and a 52 week high of $138.94. The stock’s 50-day moving average is $128.1 and its 200-day moving average is $126.4. The company has a market cap of $10.742 billion and a P/E ratio of 75.03.
PVH Corp (NYSE:PVH) last announced its earnings results on Wednesday, June 4th. The company reported $1.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.49 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $1.91 earnings per share. PVH Corp’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that PVH Corp will post $7.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 19th. Shareholders 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.
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