Ralph Lauren Corporation (RL) Scheduled to Post Quarterly Earnings on Thursday
Ralph Lauren Corporation (NYSE:RL) is set to issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $1.86 per share for the quarter.
Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.15. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. On average, analysts expect Ralph Lauren Corporation to post $5.33 EPS for the current fiscal year and $5.47 EPS for the next fiscal year.
Ralph Lauren Corporation (NYSE RL) opened at 91.85 on Thursday. The company’s market capitalization is $7.46 billion. The company has a 50-day moving average price of $88.81 and a 200 day moving average price of $79.83. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.18%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is -869.57%.
Several brokerages have weighed in on RL. Piper Jaffray Companies restated a “sell” rating and issued a $66.00 target price on shares of Ralph Lauren Corporation in a research note on Friday, July 14th. Cowen and Company reiterated a “hold” rating and set a $80.00 price objective (up from $78.00) on shares of Ralph Lauren Corporation in a research note on Tuesday, July 18th. Buckingham Research reiterated a “neutral” rating and set a $68.00 price objective on shares of Ralph Lauren Corporation in a research note on Monday, July 17th. Atlantic Securities upgraded shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $68.00 to $93.00 in a research note on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Ralph Lauren Corporation in a research note on Tuesday, September 12th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ralph Lauren Corporation has an average rating of “Hold” and an average price target of $87.37.
Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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