Zacks: Brokerages Anticipate PVH Corp (PVH) Will Announce Earnings of $1.43 Per Share
Equities research analysts predict that PVH Corp (NYSE:PVH) will announce earnings per share (EPS) of $1.43 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for PVH’s earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $1.36. PVH reported earnings per share of $1.23 during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The company is scheduled to report its next earnings results on Wednesday, March 28th.
According to Zacks, analysts expect that PVH will report full-year earnings of $7.79 per share for the current fiscal year, with EPS estimates ranging from $7.70 to $7.83. For the next year, analysts expect that the business will report earnings of $8.76 per share, with EPS estimates ranging from $8.17 to $8.95. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for PVH.
PVH (NYSE:PVH) last announced its earnings results on Wednesday, November 29th. The textile maker reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.11. PVH had a net margin of 6.22% and a return on equity of 11.95%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $2.60 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis.
In other PVH news, EVP Mark D. Fischer sold 2,300 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $138.50, for a total transaction of $318,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Emanuel Chirico sold 370,327 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $132.56, for a total transaction of $49,090,547.12. The disclosure for this sale can be found here. Insiders have sold a total of 388,299 shares of company stock valued at $51,554,859 in the last quarter. 1.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PVH. First Allied Advisory Services Inc. boosted its holdings in shares of PVH by 2.7% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,202 shares of the textile maker’s stock valued at $249,000 after buying an additional 57 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in shares of PVH by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 6,309 shares of the textile maker’s stock valued at $722,000 after buying an additional 65 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of PVH by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,310 shares of the textile maker’s stock valued at $1,638,000 after buying an additional 107 shares in the last quarter. ETRADE Capital Management LLC boosted its holdings in shares of PVH by 7.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 3,112 shares of the textile maker’s stock valued at $356,000 after buying an additional 214 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in shares of PVH by 5.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 5,465 shares of the textile maker’s stock valued at $625,000 after buying an additional 269 shares in the last quarter. Institutional investors own 93.82% of the company’s stock.
Shares of PVH (NYSE:PVH) traded up $1.05 on Tuesday, reaching $143.63. 488,800 shares of the company traded hands, compared to its average volume of 713,700. PVH has a 1 year low of $84.53 and a 1 year high of $144.83. The stock has a market cap of $11,050.00, a P/E ratio of 21.37, a P/E/G ratio of 1.41 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 1.82.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date was Tuesday, November 21st. PVH’s dividend payout ratio (DPR) is presently 2.23%.
COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate PVH Corp (PVH) Will Announce Earnings of $1.43 Per Share” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/01/16/zacks-brokerages-anticipate-pvh-corp-pvh-will-announce-earnings-of-1-43-per-share.html.
PVH Company Profile
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PVH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH and related companies with MarketBeat.com's FREE daily email newsletter.