V.F. Corporation (VFC) to Release Earnings on Monday
V.F. Corporation (NYSE:VFC) will announce its earnings results before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. V.F. Corporation has set its FY17 guidance at $3.01-3.07 EPS.
V.F. Corporation (NYSE:VFC) last posted its quarterly earnings data on Friday, April 28th. The textile maker reported $0.55 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.73 billion. V.F. Corporation had a net margin of 8.67% and a return on equity of 26.78%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, analysts expect V.F. Corporation to post $2.92 EPS for the current fiscal year and $3.17 EPS for the next fiscal year.
Shares of V.F. Corporation (NYSE:VFC) opened at 56.02 on Monday. The firm has a 50-day moving average of $54.59 and a 200 day moving average of $53.64. The stock has a market cap of $22.43 billion, a price-to-earnings ratio of 22.84 and a beta of 0.78. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $65.20.
The company also recently announced a quarterly dividend, which was paid on Monday, June 19th. Shareholders of record on Friday, June 9th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.68 annualized dividend and a yield of 3.00%. V.F. Corporation’s dividend payout ratio (DPR) is presently 68.85%.
Several research analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating and issued a $53.00 target price on shares of V.F. Corporation in a report on Sunday, April 30th. Canaccord Genuity set a $53.00 price objective on shares of V.F. Corporation and gave the company a “hold” rating in a report on Saturday, April 1st. Cowen and Company boosted their price objective on shares of V.F. Corporation from $52.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, April 4th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $49.00 price objective (down from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. Finally, Vetr cut shares of V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price objective for the company. in a report on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have given a buy rating to the company. V.F. Corporation currently has a consensus rating of “Hold” and a consensus target price of $55.83.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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