PVH (PVH) Issues Q4 2018 Earnings Guidance

PVH (NYSE:PVH) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $1.58-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.58. The company issued revenue guidance of $2.399-2.399 billion, compared to the consensus revenue estimate of $2.4 billion.PVH also updated its FY 2018 guidance to $9.33-9.35 EPS.

PVH stock opened at $110.51 on Friday. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.72. PVH has a 12-month low of $106.63 and a 12-month high of $169.22.

PVH (NYSE:PVH) last announced its earnings results on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.07. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.07%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.02 EPS. As a group, equities analysts predict that PVH will post 9.27 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Tuesday, November 27th. PVH’s payout ratio is 1.89%.

Several research firms recently commented on PVH. Goldman Sachs Group raised shares of PVH from a sell rating to a neutral rating and dropped their price objective for the stock from $142.00 to $130.00 in a research note on Friday, November 9th. Piper Jaffray Companies dropped their price objective on shares of PVH from $177.00 to $175.00 and set a buy rating on the stock in a research note on Wednesday, November 21st. Nomura set a $128.00 price objective on shares of PVH and gave the stock a hold rating in a research note on Monday, November 26th. Telsey Advisory Group reissued an outperform rating on shares of PVH in a research note on Thursday, August 30th. Finally, Zacks Investment Research lowered shares of PVH from a buy rating to a hold rating in a research note on Tuesday, August 21st. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $162.25.

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About PVH

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, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.

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Earnings History and Estimates for PVH (NYSE:PVH)

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