Kontoor Brands (NYSE:KTB – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.26, Briefing.com reports. The company had revenue of $631.20 million for the quarter, compared to analysts’ expectations of $607.91 million. Kontoor Brands had a net margin of 8.72% and a return on equity of 71.45%. Kontoor Brands’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Kontoor Brands updated its Q2 guidance to approx $0.85 EPS.
Kontoor Brands Stock Performance
Shares of KTB stock opened at $65.65 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.38 and a debt-to-equity ratio of 1.96. The firm has a fifty day simple moving average of $59.10 and a two-hundred day simple moving average of $57.26. Kontoor Brands has a 12 month low of $37.10 and a 12 month high of $69.69. The firm has a market capitalization of $3.66 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.11.
Kontoor Brands Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Monday, June 10th. Kontoor Brands’s dividend payout ratio is currently 50.63%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on KTB
About Kontoor Brands
Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.
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