The Brokerages Anticipate PVH Corp (PVH) to Announce $1.60 Earnings Per Share

The Brokerages Anticipate PVH Corp (PVH) to Announce $1.60 Earnings Per Share

According to Zacks, analysts expect that PVH Corp will report full-year earnings of $7.39 per share for the current financial year, with EPS estimates ranging from $7.30 to $7.50. For the next financial year, analysts forecast that the company will report earnings of $8.17 per share, with EPS estimates ranging from $7.86 to $8.65. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow PVH Corp.

Equities research analysts expect PVH Corp (NYSE:PVH) to announce $1.60 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for PVH Corp’s earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.53. PVH Corp posted earnings of $1.50 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 24th.

PVH Corp (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 22nd. The textile maker reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.04. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. The firm earned $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $1.52 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Several analysts recently commented on the stock. B. Riley reissued a “buy” rating and set a $125.00 target price on shares of PVH Corp in a research note on Monday, April 3rd. Evercore ISI lowered shares of PVH Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Wunderlich reissued a “buy” rating and set a $125.00 target price on shares of PVH Corp in a research note on Saturday, January 7th. Piper Jaffray Companies set a $112.00 target price on shares of PVH Corp and gave the company a “buy” rating in a research note on Thursday, March 16th. Finally, Zacks Investment Research raised shares of PVH Corp from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Tuesday, January 31st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. PVH Corp presently has an average rating of “Buy” and a consensus target price of $117.60.

PVH Corp (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 22nd. The textile maker reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.04. PVH Corp had a return on equity of 12.15% and a net margin of 7.10%. The firm earned $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $1.52 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. In other PVH Corp news, EVP Mark D. Fischer sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $101.72, for a total value of $101,720.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel Grieder sold 18,701 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.43, for a total transaction of $1,934,244.43. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its position in PVH Corp by 4.1% in the third quarter. BlackRock Fund Advisors now owns 1,325,112 shares of the textile maker’s stock valued at $146,425,000 after buying an additional 51,694 shares in the last quarter. KCG Holdings Inc. raised its position in PVH Corp by 125.4% in the third quarter. KCG Holdings Inc. now owns 14,881 shares of the textile maker’s stock valued at $1,644,000 after buying an additional 8,278 shares in the last quarter. UBS Oconnor LLC bought a new position in PVH Corp during the third quarter valued at $8,840,000. FIL Ltd raised its position in PVH Corp by 26.1% in the fourth quarter. FIL Ltd now owns 60,440 shares of the textile maker’s stock valued at $5,454,000 after buying an additional 12,518 shares in the last quarter. Finally, Pitcairn Co. raised its position in PVH Corp by 1.9% in the fourth quarter. Pitcairn Co. now owns 4,341 shares of the textile maker’s stock valued at $391,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock. Shares of PVH Corp (NYSE:PVH) traded up 1.42% on Monday, hitting $102.60. The company had a trading volume of 734,482 shares. The stock has a market cap of $8.02 billion, a PE ratio of 15.11 and a beta of 0.67. The company has a 50-day moving average of $100.54 and a 200 day moving average of $98.31. PVH Corp has a 12 month low of $82.10 and a 12 month high of $115.40.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Thursday, May 18th will be paid a $0.038 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $0.15 annualized dividend and a yield of 0.15%. PVH Corp’s dividend payout ratio is presently 2.10%. About PVH Corp

PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.

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