Equities analysts expect VF Corp (NYSE:VFC) to post earnings per share (EPS) of $0.28 for the current quarter, Zacks reports. Four analysts have made estimates for VF’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.32. VF posted earnings per share of $0.43 in the same quarter last year, which would indicate a negative year over year growth rate of 34.9%. The firm is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that VF will report full-year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.30 to $3.37. For the next fiscal year, analysts forecast that the company will report earnings of $3.82 per share, with EPS estimates ranging from $3.70 to $3.87. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow VF.
VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, May 22nd. The textile maker reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.20 billion. VF had a return on equity of 36.62% and a net margin of 9.10%. VF’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS.
Several brokerages recently commented on VFC. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $104.00 price target (up previously from $96.00) on shares of VF in a research note on Thursday, May 23rd. Canaccord Genuity set a $105.00 price target on VF and gave the company a “buy” rating in a research note on Thursday, May 23rd. Guggenheim reaffirmed a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of VF in a research note on Thursday, May 23rd. Wedbush boosted their price target on VF from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $88.00 price target (up previously from $85.00) on shares of VF in a research note on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. VF currently has a consensus rating of “Buy” and an average price target of $93.70.
VFC stock traded up $0.43 during trading on Friday, hitting $87.26. The company had a trading volume of 1,220,858 shares, compared to its average volume of 1,994,782. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.76 and a quick ratio of 1.03. The firm has a market cap of $34.66 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 2.67 and a beta of 1.16. VF has a fifty-two week low of $67.18 and a fifty-two week high of $97.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.34%. This is a positive change from VF’s previous quarterly dividend of $0.48. VF’s payout ratio is currently 53.97%.
A number of institutional investors have recently bought and sold shares of VFC. Vanguard Group Inc boosted its stake in VF by 2.0% in the third quarter. Vanguard Group Inc now owns 26,944,256 shares of the textile maker’s stock worth $2,517,940,000 after purchasing an additional 538,916 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of VF by 9.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 37,152 shares of the textile maker’s stock worth $2,650,000 after acquiring an additional 3,059 shares during the last quarter. M&T Bank Corp raised its position in shares of VF by 2.1% during the fourth quarter. M&T Bank Corp now owns 71,088 shares of the textile maker’s stock worth $5,070,000 after acquiring an additional 1,457 shares during the last quarter. Securian Asset Management Inc raised its position in shares of VF by 1.7% during the fourth quarter. Securian Asset Management Inc now owns 33,686 shares of the textile maker’s stock worth $2,403,000 after acquiring an additional 558 shares during the last quarter. Finally, BB&T Securities LLC raised its position in shares of VF by 0.6% during the fourth quarter. BB&T Securities LLC now owns 147,413 shares of the textile maker’s stock worth $10,516,000 after acquiring an additional 840 shares during the last quarter.
VF Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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