$1.09 Earnings Per Share Expected for VF Corp (VFC) This Quarter

Equities analysts forecast that VF Corp (NYSE:VFC) will post earnings of $1.09 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for VF’s earnings. The highest EPS estimate is $1.14 and the lowest is $1.04. VF posted earnings of $1.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The company is scheduled to report its next earnings report on Friday, February 15th.

On average, analysts expect that VF will report full year earnings of $3.72 per share for the current year, with EPS estimates ranging from $3.65 to $4.14. For the next fiscal year, analysts forecast that the business will post earnings of $4.15 per share, with EPS estimates ranging from $3.64 to $4.75. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow VF.

VF (NYSE:VFC) last announced its earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.10. VF had a net margin of 6.20% and a return on equity of 37.08%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis.

A number of research firms have recently commented on VFC. Royal Bank of Canada cut their price target on shares of VF to $88.00 and set an “outperform” rating on the stock in a report on Tuesday, October 23rd. Canaccord Genuity set a $108.00 price target on shares of VF and gave the company a “buy” rating in a report on Monday, October 22nd. Wedbush upgraded shares of VF from a “neutral” rating to an “outperform” rating and set a $94.00 price target on the stock in a report on Tuesday, October 23rd. They noted that the move was a valuation call. Citigroup cut their price target on shares of VF from $95.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, October 22nd. Finally, Credit Suisse Group cut their price target on shares of VF from $105.00 to $98.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $95.17.

Shares of NYSE:VFC traded up $1.02 during trading on Thursday, reaching $79.51. 1,677,855 shares of the stock traded hands, compared to its average volume of 2,370,795. VF has a 52-week low of $70.34 and a 52-week high of $97.00. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a market cap of $31.15 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.89 and a beta of 1.01.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 7th. This represents a $2.04 annualized dividend and a yield of 2.57%. This is a boost from VF’s previous quarterly dividend of $0.46. VF’s dividend payout ratio (DPR) is currently 61.74%.

In related news, VP Kevin Bailey sold 4,400 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $91.95, for a total value of $404,580.00. Following the sale, the vice president now owns 28,861 shares in the company, valued at $2,653,768.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Carucci bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was bought at an average price of $78.65 per share, for a total transaction of $393,250.00. Following the acquisition, the director now directly owns 48,190 shares of the company’s stock, valued at approximately $3,790,143.50. The disclosure for this purchase can be found here. Company insiders own 1.72% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Fort L.P. purchased a new stake in VF in the second quarter worth approximately $119,000. Centaurus Financial Inc. purchased a new position in shares of VF during the 2nd quarter worth $119,000. NEXT Financial Group Inc purchased a new position in shares of VF during the 3rd quarter worth $169,000. Parallel Advisors LLC boosted its stake in shares of VF by 154.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,814 shares of the textile maker’s stock worth $147,000 after acquiring an additional 1,102 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of VF during the 2nd quarter worth $152,000. Institutional investors own 83.48% of the company’s stock.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Earnings History and Estimates for VF (NYSE:VFC)

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