V.F. Corporation (NYSE:VFC) Issues FY17 Earnings Guidance
V.F. Corporation (NYSE:VFC) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $2.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.95. The company issued revenue guidance of $11.65 billion, compared to the consensus revenue estimate of $11.65 billion.
Shares of V.F. Corporation (NYSE:VFC) traded down 0.49% during trading on Friday, reaching $62.78. 2,642,098 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $59.88 and a 200-day moving average price of $55.33. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $65.20. The stock has a market capitalization of $24.71 billion, a price-to-earnings ratio of 23.95 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last released its quarterly 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 net margin of 9.23% and a return on equity of 27.44%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts predict that V.F. Corporation will post $2.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.68 annualized dividend and a dividend yield of 2.68%. V.F. Corporation’s dividend payout ratio is currently 64.86%.
Several equities research analysts have issued reports on VFC shares. 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 increased their price objective on shares of V.F. Corporation from $59.00 to $66.00 and gave the stock a buy rating in a report on Tuesday, July 25th. Canaccord Genuity upgraded shares of V.F. Corporation from a hold rating to a buy rating and increased their price objective for the stock from $58.00 to $73.00 in a report on Monday, August 14th. Stifel Nicolaus reiterated a hold rating and set a $56.00 price objective on shares of V.F. Corporation in a report on Sunday, April 23rd. Finally, Forward View upgraded shares of V.F. Corporation from a sell rating to a hold rating and set a $65.00 price objective on the stock in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $60.15.
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V.F. Corporation Company Profile
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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