Kontoor Brands (KTB) Projected to Post Quarterly Earnings on Tuesday

Kontoor Brands (NYSE:KTB) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $1.16 per share and revenue of $625.44 million for the quarter.

Kontoor Brands (NYSE:KTB) last posted its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. The company had revenue of $699.00 million for the quarter, compared to the consensus estimate of $698.07 million. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. Kontoor Brands’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. On average, analysts expect Kontoor Brands to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Kontoor Brands Trading Up 5.2 %

Kontoor Brands stock opened at $63.42 on Friday. Kontoor Brands has a 52-week low of $50.00 and a 52-week high of $96.80. The company has a market cap of $3.51 billion, a P/E ratio of 14.28, a P/E/G ratio of 2.12 and a beta of 0.93. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. The business has a 50-day simple moving average of $60.73 and a two-hundred day simple moving average of $77.85.

Kontoor Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.08 annualized dividend and a yield of 3.28%. Kontoor Brands’s dividend payout ratio (DPR) is 47.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KTB. UBS Group dropped their price target on shares of Kontoor Brands from $108.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Kontoor Brands from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stifel Nicolaus lowered their price target on shares of Kontoor Brands from $83.00 to $72.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, Barclays reduced their price objective on shares of Kontoor Brands from $93.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.40.

About Kontoor Brands

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.