VF (VFC) Set to Announce Quarterly Earnings on Friday

VF (NYSE:VFC) will announce its Q2 2020 earnings results before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

VF (NYSE:VFC) last released its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.24 billion. VF had a return on equity of 34.52% and a net margin of 8.62%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. On average, analysts expect VF to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE:VFC opened at $93.16 on Wednesday. The stock has a market cap of $36.82 billion, a P/E ratio of 24.65, a PEG ratio of 2.60 and a beta of 1.19. The stock has a 50 day simple moving average of $88.58 and a 200 day simple moving average of $87.61. The company has a current ratio of 2.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.76. VF has a 1-year low of $67.18 and a 1-year high of $96.20.

In other VF news, CFO Scott A. Roe sold 10,000 shares of VF stock in a transaction on Monday, July 29th. The stock was sold at an average price of $88.39, for a total value of $883,900.00. Following the completion of the transaction, the chief financial officer now directly owns 98,198 shares of the company’s stock, valued at approximately $8,679,721.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Carucci acquired 2,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $78.93 per share, with a total value of $157,860.00. Following the completion of the acquisition, the director now directly owns 64,731 shares in the company, valued at $5,109,217.83. The disclosure for this purchase can be found here. Insiders sold a total of 73,707 shares of company stock valued at $6,306,230 over the last ninety days. Insiders own 0.74% of the company’s stock.

Several analysts recently weighed in on VFC shares. Telsey Advisory Group reissued an “outperform” rating and set a $106.00 price target (up from $104.00) on shares of VF in a report on Thursday, July 25th. Wedbush reissued an “outperform” rating and set a $98.00 price target on shares of VF in a report on Friday, October 18th. UBS Group lifted their price target on VF from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Cowen lifted their price target on VF from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, June 27th. Finally, TheStreet cut VF from a “b+” rating to a “c” rating in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $96.73.

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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