VF (VFC) to Release Earnings on Wednesday

VF (NYSE:VFC) is set to post its quarterly earnings results before the market opens on Wednesday, July 24th. Analysts expect VF to post earnings of $0.28 per share for the quarter. VF has set its FY 2020 guidance at $3.30-3.35 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.20 billion. VF had a return on equity of 36.62% and a net margin of 9.10%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, analysts expect VF to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of VFC stock opened at $86.84 on Tuesday. The firm has a market cap of $34.69 billion, a PE ratio of 22.97, a PEG ratio of 2.48 and a beta of 1.15. VF has a 52-week low of $67.18 and a 52-week high of $97.00. The firm has a 50-day moving average of $87.08. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.76 and a quick ratio of 1.03.

Several equities analysts recently issued reports on the company. Guggenheim restated a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of VF in a research report on Thursday, May 23rd. Pivotal Research boosted their price target on VF to $95.00 in a research report on Monday. Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. Cowen reiterated a “buy” rating on shares of ImmunoGen in a research report on Thursday, June 27th. Finally, Goldman Sachs Group set a €6.34 ($7.37) target price on Banco Bilbao Vizcaya Argentaria and gave the stock a “neutral” rating in a research report on Friday, May 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.78.

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 for VF (NYSE:VFC)

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