PVH (PVH) Releases Q4 Earnings Guidance

PVH (NYSE:PVH) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.58-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.58. PVH also updated its FY 2018 guidance to $9.33-9.35 EPS.

A number of equities research analysts have recently weighed in on the stock. Goldman Sachs Group upgraded shares of PVH from a sell rating to a neutral rating and dropped their price target for the company from $142.00 to $130.00 in a research report on Friday, November 9th. Zacks Investment Research downgraded shares of PVH from a buy rating to a hold rating in a research report on Tuesday, August 21st. Credit Suisse Group dropped their price target on shares of PVH from $185.00 to $150.00 and set an outperform rating for the company in a research report on Monday, November 19th. Piper Jaffray Companies set a $150.00 price target on shares of PVH and gave the company a buy rating in a research report on Friday. Finally, ValuEngine upgraded shares of PVH from a sell rating to a hold rating in a research report on Wednesday, October 17th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $162.25.

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

PVH (NYSE:PVH) last issued its quarterly earnings data on Thursday, November 29th. The textile maker reported $3.21 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.07. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.07%. PVH’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.02 earnings per share. As a group, sell-side analysts predict that PVH will post 9.27 earnings per share for the current fiscal year.

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

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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, 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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