Kontoor Brands (KTB) Scheduled to Post Quarterly Earnings on Thursday

Kontoor Brands (NYSE:KTB) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Kontoor Brands to post earnings of $0.90 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Wednesday, February 28th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $669.80 million for the quarter, compared to the consensus estimate of $720.70 million. Kontoor Brands had a net margin of 8.86% and a return on equity of 76.30%. On average, analysts expect Kontoor Brands to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Kontoor Brands Stock Performance

KTB opened at $62.06 on Wednesday. The stock has a market cap of $3.46 billion, a PE ratio of 15.29, a P/E/G ratio of 1.65 and a beta of 1.13. The company has a current ratio of 2.66, a quick ratio of 1.38 and a debt-to-equity ratio of 2.05. Kontoor Brands has a 1 year low of $37.10 and a 1 year high of $64.49. The stock’s 50 day simple moving average is $58.99 and its 200-day simple moving average is $56.92.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, June 10th. Kontoor Brands’s dividend payout ratio is presently 49.26%.

Analyst Upgrades and Downgrades

KTB has been the topic of a number of research reports. Barclays lowered their price objective on Kontoor Brands from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. UBS Group boosted their price objective on Kontoor Brands from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 16th. The Goldman Sachs Group upped their price target on Kontoor Brands from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, Edward Jones cut Kontoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

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.