Salvatore Ferragamo (OTCMKTS:SFRGY – Get Free Report) is expected to post its resultson Thursday, July 30th. Analysts expect the company to post earnings of ($0.0266) per share and revenue of $532.4330 million for the quarter.
Salvatore Ferragamo Stock Performance
Shares of OTCMKTS SFRGY opened at $5.55 on Tuesday. The firm has a market cap of $1.87 billion and a price-to-earnings ratio of 12.13. The business’s 50-day simple moving average is $5.59 and its 200-day simple moving average is $4.68. Salvatore Ferragamo has a 52 week low of $2.54 and a 52 week high of $6.72.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on SFRGY shares. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently 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.
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