VF Co. (VFC) Expected to Announce Quarterly Sales of $2.90 Billion

Wall Street brokerages predict that VF Co. (NYSE:VFC) will report sales of $2.90 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for VF’s earnings. The lowest sales estimate is $2.89 billion and the highest is $2.92 billion. VF posted sales of $2.58 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The business is scheduled to issue its next earnings results before the market opens on Friday, May 4th.

On average, analysts expect that VF will report full-year sales of $13.14 billion for the current year, with estimates ranging from $13.05 billion to $13.24 billion. For the next fiscal year, analysts expect that the business will post sales of $13.68 billion per share, with estimates ranging from $13.28 billion to $13.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow VF.

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VF (NYSE:VFC) last released its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). VF had a return on equity of 31.49% and a net margin of 5.08%. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period last year, the company earned $0.97 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year.

A number of equities analysts have commented on the stock. Guggenheim reiterated a “buy” rating and issued a $84.00 target price on shares of VF in a report on Wednesday, January 10th. Canaccord Genuity set a $90.00 target price on shares of VF and gave the stock a “buy” rating in a report on Wednesday, March 14th. Piper Jaffray upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price for the company in a report on Monday, February 5th. Robert W. Baird reiterated an “average” rating and issued a $84.00 target price on shares of VF in a report on Wednesday, January 3rd. Finally, Pivotal Research set a $95.00 target price on shares of VF and gave the stock a “buy” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. VF presently has a consensus rating of “Hold” and a consensus price target of $75.55.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in VF in the 4th quarter worth approximately $131,000. Carroll Financial Associates Inc. increased its holdings in VF by 368.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after buying an additional 1,613 shares during the period. Alps Advisors Inc. acquired a new position in VF in the 4th quarter worth approximately $205,000. Investment Partners Ltd. OH ADV acquired a new position in VF in the 4th quarter worth approximately $207,000. Finally, Mission Wealth Management LP acquired a new position in VF in the 4th quarter worth approximately $207,000.

NYSE:VFC opened at $77.22 on Monday. VF has a 1-year low of $51.22 and a 1-year high of $84.38. The stock has a market capitalization of $30,826.81, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 2.20 and a beta of 0.93. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.84 annualized dividend and a dividend yield of 2.38%. VF’s dividend payout ratio (DPR) is currently 61.74%.

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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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