PVH (PVH) to Release Earnings on Wednesday

PVH (NYSE:PVH) will announce its earnings results after the market closes on Wednesday, May 29th. Analysts expect the company to announce earnings of $2.44 per share for the quarter. PVH has set its Q1 guidance at $2.40-2.45 EPS and its FY20 guidance at $10.30-10.40 EPS.Investors interested in listening to the company’s conference call can do so using this link.

PVH (NYSE:PVH) last issued its quarterly earnings data on Wednesday, March 27th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.41 billion. PVH had a return on equity of 13.12% and a net margin of 7.73%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. On average, analysts expect PVH to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

PVH opened at $108.52 on Wednesday. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.87 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.71 and a quick ratio of 0.80. PVH has a 1-year low of $86.46 and a 1-year high of $169.22.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be given a $0.0375 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. PVH’s dividend payout ratio (DPR) is 1.56%.

PVH announced that its board has authorized a share repurchase program on Wednesday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the textile maker to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

PVH has been the subject of a number of research analyst reports. Cowen downgraded PVH from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $142.00 to $119.00 in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded PVH from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research report on Monday, March 4th. Citigroup restated a “neutral” rating and issued a $120.00 target price on shares of PVH in a research report on Monday, March 18th. ValuEngine downgraded PVH from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their target price on PVH from $132.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $146.40.

In other PVH news, CEO Francis K. Duane sold 6,171 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $127.27, for a total value of $785,383.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Dana Perlman sold 1,054 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $135,881.68. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

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PVH Company Profile

PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

Further Reading: Fibonacci Channel

Earnings History for PVH (NYSE:PVH)

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