Salvatore Ferragamo (SFRGY) to Post Quarterly Earnings on Thursday

Salvatore Ferragamo (OTCMKTS:SFRGY) is expected to announce its resultson Thursday, July 30th. Analysts expect the company to announce earnings of ($0.0266) per share and revenue of $532.4330 million for the quarter.

Salvatore Ferragamo Stock Performance

OTCMKTS SFRGY opened at $5.92 on Thursday. The stock has a market cap of $2.00 billion and a price-to-earnings ratio of 12.13. The business has a 50 day simple moving average of $5.50 and a 200 day simple moving average of $4.67. Salvatore Ferragamo has a 52-week low of $2.54 and a 52-week high of $6.72.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SFRGY shares. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, June 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.