Brokerages expect that VF Corp (NYSE:VFC) will report $3.66 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for VF’s earnings, with the highest sales estimate coming in at $3.69 billion and the lowest estimate coming in at $3.65 billion. VF posted sales of $3.32 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.2%. The firm is expected to report its next quarterly earnings report on Friday, February 16th.
According to Zacks, analysts expect that VF will report full-year sales of $3.66 billion for the current year, with estimates ranging from $12.10 billion to $12.14 billion. For the next financial year, analysts forecast that the company will report sales of $13.20 billion per share, with estimates ranging from $13.05 billion to $13.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow VF.
VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. VF had a net margin of 8.24% and a return on equity of 29.22%. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis.
Shares of VF (VFC) traded down $1.17 during trading hours on Friday, reaching $72.96. 3,989,500 shares of the company traded hands, compared to its average volume of 3,062,582. VF has a one year low of $48.05 and a one year high of $74.87. The stock has a market capitalization of $28,370.00, a price-to-earnings ratio of 24.35, a PEG ratio of 2.37 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, December 8th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.52%. This is a positive change from VF’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, December 7th. VF’s dividend payout ratio is presently 69.71%.
In other news, CFO Scott A. Roe sold 18,952 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.48, for a total transaction of $1,335,736.96. Following the completion of the sale, the chief financial officer now directly owns 114,013 shares in the company, valued at $8,035,636.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven E. Rendle sold 65,604 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the sale, the chief executive officer now owns 162,235 shares of the company’s stock, valued at $11,448,923.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 254,660 shares of company stock valued at $18,035,832. Company insiders own 1.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of VF by 44.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares during the period. WASHINGTON TRUST Co purchased a new stake in shares of VF during the third quarter worth about $210,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of VF during the third quarter worth about $215,000. RNC Capital Management LLC boosted its holdings in shares of VF by 1.5% during the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock worth $238,000 after purchasing an additional 60 shares during the period. Finally, Keel Point LLC boosted its holdings in shares of VF by 3.4% during the second quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock worth $261,000 after purchasing an additional 148 shares during the period. Institutional investors own 85.73% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “$3.66 Billion in Sales Expected for VF Corp (VFC) This Quarter” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/01/3-66-billion-in-sales-expected-for-vf-corp-vfc-this-quarter.html.
VF 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for VF Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF Corp and related companies with MarketBeat.com's FREE daily email newsletter.