Zacks: Analysts Expect V.F. Co. (NYSE:VFC) to Post $1.17 EPS

Wall Street analysts forecast that V.F. Co. (NYSE:VFC) will report earnings of $1.17 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for V.F.’s earnings, with the highest EPS estimate coming in at $1.32 and the lowest estimate coming in at $1.07. V.F. posted earnings per share of $0.67 during the same quarter last year, which indicates a positive year over year growth rate of 74.6%. The business is expected to issue its next quarterly earnings report on Friday, October 15th.

According to Zacks, analysts expect that V.F. will report full year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.21 to $3.35. For the next financial year, analysts anticipate that the business will post earnings of $3.80 per share, with EPS estimates ranging from $3.58 to $4.00. Zacks’ earnings per share averages are an average based on a survey of research firms that follow V.F..

V.F. (NYSE:VFC) last posted its earnings results on Thursday, July 29th. The textile maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.16. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.17 billion. V.F. had a net margin of 9.83% and a return on equity of 26.99%. The company’s revenue for the quarter was up 104.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.57) EPS.

A number of research firms have commented on VFC. Pivotal Research reissued a “buy” rating and set a $100.00 target price on shares of V.F. in a research report on Tuesday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of V.F. from $104.00 to $106.00 and gave the stock an “overweight” rating in a research report on Monday, May 24th. TheStreet raised shares of V.F. from a “c” rating to a “b-” rating in a research report on Friday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of V.F. from $101.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, August 2nd. Finally, Royal Bank of Canada cut their price objective on shares of V.F. from $102.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, May 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $92.67.

Large investors have recently added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA grew its position in V.F. by 91.5% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 314 shares of the textile maker’s stock worth $26,000 after purchasing an additional 150 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in V.F. during the 2nd quarter valued at approximately $31,000. Berman Capital Advisors LLC lifted its stake in V.F. by 110.7% during the 1st quarter. Berman Capital Advisors LLC now owns 415 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 218 shares during the period. CSat Investment Advisory L.P. lifted its stake in V.F. by 66.9% during the 1st quarter. CSat Investment Advisory L.P. now owns 409 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 164 shares during the period. Finally, Freedman Financial Associates Inc. acquired a new stake in V.F. during the 1st quarter valued at approximately $34,000. 82.24% of the stock is currently owned by institutional investors.

NYSE VFC traded down $0.13 during trading on Thursday, reaching $69.15. 2,460,156 shares of the company’s stock traded hands, compared to its average volume of 2,452,968. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. The company’s 50 day simple moving average is $77.95 and its two-hundred day simple moving average is $80.75. V.F. has a 12-month low of $66.26 and a 12-month high of $90.79.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 20th. Shareholders of record on Friday, September 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, September 9th. V.F.’s dividend payout ratio is presently 149.62%.

About V.F.

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.

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Earnings History and Estimates for V.F. (NYSE:VFC)

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