V.F. Corporation (VFC) Expected to Announce Earnings of $1.12 Per Share
Equities analysts expect V.F. Corporation (NYSE:VFC) to announce earnings per share (EPS) of $1.12 for the current quarter, Zacks Investment Research reports. Sixteen analysts have made estimates for V.F. Corporation’s earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.15. V.F. Corporation reported earnings of $1.14 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.8%. The firm is scheduled to report its next earnings results before the market opens on Monday, October 23rd.
On average, analysts expect that V.F. Corporation will report full year earnings of $2.97 per share for the current year, with EPS estimates ranging from $2.95 to $3.04. For the next financial year, analysts anticipate that the firm will post earnings of $3.33 per share, with EPS estimates ranging from $3.15 to $3.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for V.F. Corporation.
V.F. Corporation (NYSE:VFC) last issued its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year.
VFC has been the topic of a number of research reports. Macquarie reaffirmed an “outperform” rating and issued a $70.00 price target (up from $69.00) on shares of V.F. Corporation in a research note on Tuesday, July 25th. TheStreet raised shares of V.F. Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, July 13th. UBS AG raised shares of V.F. Corporation from a “neutral” rating to a “positive” rating in a research note on Friday, July 28th. Canaccord Genuity set a $58.00 price target on shares of V.F. Corporation and gave the company a “hold” rating in a research note on Wednesday, July 26th. Finally, Sanford C. Bernstein initiated coverage on shares of V.F. Corporation in a research note on Tuesday, September 12th. They issued a “market perform” rating and a $67.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.45.
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In other news, VP Aidan O’meara sold 29,336 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $62.54, for a total transaction of $1,834,673.44. Following the completion of the sale, the vice president now owns 120,680 shares in the company, valued at approximately $7,547,327.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Alan Mccollough sold 22,852 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $62.94, for a total transaction of $1,438,304.88. Following the sale, the director now owns 36,353 shares of the company’s stock, valued at approximately $2,288,057.82. The disclosure for this sale can be found here. Insiders have sold a total of 453,152 shares of company stock valued at $28,649,326 in the last 90 days. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Orrstown Financial Services Inc. increased its holdings in shares of V.F. Corporation by 9.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after buying an additional 150 shares during the last quarter. WFG Advisors LP increased its holdings in shares of V.F. Corporation by 7.4% during the 1st quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock worth $136,000 after buying an additional 170 shares during the last quarter. Zions Bancorporation increased its holdings in shares of V.F. Corporation by 1.5% during the 1st quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of V.F. Corporation during the 1st quarter worth approximately $148,000. Finally, Pathstone Family Office LLC acquired a new stake in shares of V.F. Corporation during the 1st quarter worth approximately $187,000.
Shares of V.F. Corporation (NYSE VFC) traded up 0.48% during midday trading on Monday, hitting $65.22. The stock had a trading volume of 326,091 shares. The stock has a market cap of $25.67 billion, a PE ratio of 24.88 and a beta of 0.77. The firm has a 50 day moving average price of $63.00 and a 200-day moving average price of $57.91. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $65.25.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 8th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.59%. V.F. Corporation’s dividend payout ratio is currently 64.86%.
About V.F. Corporation
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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