PVH (NYSE:PVH) Issues Q4 2019 Pre-Market Earnings Guidance

PVH (NYSE:PVH) updated its fourth quarter 2019
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of 1.79-1.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. PVH also updated its FY 2019
Pre-Market guidance to 9.45-9.45 EPS.

PVH traded up $1.01 during midday trading on Thursday, hitting $99.75. 12,788 shares of the company were exchanged, compared to its average volume of 630,525. The firm’s 50 day moving average price is $102.45 and its 200-day moving average price is $90.65. PVH has a 1-year low of $67.41 and a 1-year high of $134.24. The firm has a market capitalization of $7.29 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.06 and a beta of 1.51. The company has a quick ratio of 0.71, a current ratio of 1.40 and a debt-to-equity ratio of 0.71.

PVH (NYSE:PVH) last issued its quarterly earnings results on Monday, November 25th. The textile maker reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.99 by $0.11. PVH had a net margin of 6.57% and a return on equity of 12.17%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the firm posted $3.21 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that PVH will post 9.47 earnings per share for the current fiscal year.

The business also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, November 26th. PVH’s payout ratio is 1.56%.

Several brokerages recently issued reports on PVH. Zacks Investment Research downgraded PVH from a buy rating to a hold rating and set a $106.00 price target for the company. in a report on Monday. Guggenheim restated a buy rating and issued a $125.00 target price on shares of PVH in a research note on Tuesday, November 19th. ValuEngine raised shares of PVH from a sell rating to a hold rating in a report on Friday, January 10th. Barclays reissued a hold rating and issued a $98.00 price target (down previously from $100.00) on shares of PVH in a report on Wednesday, November 27th. Finally, Royal Bank of Canada reaffirmed a buy rating and set a $115.00 price objective on shares of PVH in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $106.26.

About PVH

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Earnings History and Estimates for PVH (NYSE:PVH)

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