-$0.64 EPS Expected for VF Corp (NYSE:VFC) This Quarter

Analysts expect VF Corp (NYSE:VFC) to post earnings per share (EPS) of ($0.64) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for VF’s earnings, with the lowest EPS estimate coming in at ($0.82) and the highest estimate coming in at ($0.45). VF reported earnings per share of $0.30 during the same quarter last year, which would suggest a negative year-over-year growth rate of 313.3%. The firm is scheduled to report its next earnings report on Wednesday, July 22nd.

On average, analysts expect that VF will report full year earnings of $1.12 per share for the current year, with EPS estimates ranging from $0.54 to $1.68. For the next financial year, analysts expect that the firm will post earnings of $2.43 per share, with EPS estimates ranging from $2.15 to $2.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover VF.

VF (NYSE:VFC) last announced its earnings results on Friday, May 15th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). VF had a return on equity of 27.75% and a net margin of 6.09%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the firm posted $0.60 earnings per share.

VFC has been the subject of several analyst reports. Bank of America lowered shares of VF from a “buy” rating to a “neutral” rating and cut their price target for the company from $100.00 to $65.00 in a research report on Friday, March 20th. Barclays restated a “buy” rating and set a $63.00 price target on shares of VF in a research report on Sunday, April 26th. Susquehanna Bancshares cut their price target on shares of VF from $66.00 to $60.00 in a research report on Monday, May 18th. Guggenheim cut their price target on shares of VF from $105.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, ValuEngine upgraded shares of VF from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $69.69.

In related news, Director Veronica Wu purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $71.00 per share, with a total value of $35,500.00. Following the completion of the purchase, the director now directly owns 1,495 shares in the company, valued at $106,145. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.74% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in VFC. Wellington Management Group LLP raised its stake in VF by 110.6% in the first quarter. Wellington Management Group LLP now owns 19,025,181 shares of the textile maker’s stock worth $1,028,881,000 after buying an additional 9,992,243 shares in the last quarter. Bank of America Corp DE raised its stake in VF by 78.6% in the fourth quarter. Bank of America Corp DE now owns 12,686,741 shares of the textile maker’s stock worth $1,264,360,000 after buying an additional 5,582,527 shares in the last quarter. Parnassus Investments CA increased its stake in shares of VF by 44.9% during the first quarter. Parnassus Investments CA now owns 11,178,251 shares of the textile maker’s stock valued at $604,520,000 after purchasing an additional 3,462,714 shares in the last quarter. Norges Bank bought a new position in shares of VF during the fourth quarter valued at approximately $326,543,000. Finally, Nuveen Asset Management LLC increased its stake in shares of VF by 182.6% during the fourth quarter. Nuveen Asset Management LLC now owns 3,771,259 shares of the textile maker’s stock valued at $375,844,000 after purchasing an additional 2,436,579 shares in the last quarter. 78.77% of the stock is owned by institutional investors.

NYSE VFC traded down $0.65 during trading on Monday, hitting $55.64. 2,075,615 shares of the company’s stock traded hands, compared to its average volume of 3,016,524. The stock has a fifty day moving average of $55.57 and a two-hundred day moving average of $76.49. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.66 and a quick ratio of 1.23. VF has a 12-month low of $45.07 and a 12-month high of $100.25. The firm has a market cap of $22.22 billion, a P/E ratio of 33.32, a PEG ratio of 4.30 and a beta of 1.23.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, June 10th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Tuesday, June 9th. VF’s payout ratio is currently 71.64%.

About VF

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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