VF (VFC) Scheduled to Post Quarterly Earnings on Monday

VF (NYSE:VFC) will issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

VF (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.15) earnings per share. On average, analysts expect VF to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VF Price Performance

Shares of NYSE:VFC opened at $16.73 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $6.51 billion, a PE ratio of -5.54, a P/E/G ratio of 1.99 and a beta of 1.53. VF has a twelve month low of $11.00 and a twelve month high of $21.40. The company has a 50-day moving average price of $18.52 and a two-hundred day moving average price of $15.52.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Tuesday, September 10th. VF’s payout ratio is -11.92%.

Insider Transactions at VF

In other VF news, Director Richard Carucci acquired 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the acquisition, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VFC shares. Argus raised shares of VF to a “hold” rating in a report on Wednesday, August 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $19.00 price target on shares of VF in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. The Goldman Sachs Group started coverage on shares of VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Jefferies Financial Group started coverage on shares of VF in a report on Friday, September 27th. They issued a “hold” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.24.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.