Kontoor Brands (NYSE:KTB – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.26, Briefing.com reports. The company had revenue of $631.20 million for the quarter, compared to the consensus estimate of $607.91 million. Kontoor Brands had a return on equity of 71.45% and a net margin of 8.72%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 earnings per share. Kontoor Brands updated its Q2 guidance to approx $0.85 EPS.
Kontoor Brands Stock Performance
Shares of NYSE:KTB traded down $1.72 during trading on Friday, hitting $65.65. The stock had a trading volume of 1,008,759 shares, compared to its average volume of 584,365. The stock has a 50-day simple moving average of $59.10 and a two-hundred day simple moving average of $57.18. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11. Kontoor Brands has a 12-month low of $37.10 and a 12-month high of $69.69. The company has a quick ratio of 1.38, a current ratio of 2.70 and a debt-to-equity ratio of 1.96.
Kontoor Brands Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.00 annualized dividend and a yield of 3.05%. Kontoor Brands’s payout ratio is presently 50.63%.
Analyst Ratings Changes
Check Out Our Latest Research Report on Kontoor Brands
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.
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