PVH (NYSE:PVH) Releases FY 2019 Pre-Market Earnings Guidance

PVH (NYSE:PVH) issued an update on its FY 2019
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 9.45 for the period, compared to the Thomson Reuters consensus estimate of $9.46. PVH also updated its Q4 guidance to $1.79 EPS.

Shares of PVH stock traded up $0.09 during trading on Friday, hitting $89.37. The company’s stock had a trading volume of 863,377 shares, compared to its average volume of 903,599. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.71 and a current ratio of 1.40. The company has a fifty day simple moving average of $96.75 and a two-hundred day simple moving average of $90.85. The company has a market capitalization of $6.23 billion, a PE ratio of 10.43, a P/E/G ratio of 0.78 and a beta of 1.49. PVH has a 52 week low of $67.41 and a 52 week high of $134.24.

PVH (NYSE:PVH) last issued its quarterly earnings results on Monday, November 25th. The textile maker reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.11. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. PVH had a net margin of 6.57% and a return on equity of 12.17%. PVH’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $3.21 EPS. As a group, analysts predict that PVH will post 9.46 EPS for the current year.

A number of analysts have weighed in on the stock. Royal Bank of Canada restated a buy rating and set a $115.00 price objective on shares of PVH in a research note on Thursday, January 9th. BMO Capital Markets assumed coverage on shares of PVH in a research note on Monday, February 3rd. They set a market perform rating and a $94.00 price objective for the company. Bank of America raised their price objective on shares of PVH from $93.00 to $111.00 and gave the company a buy rating in a research note on Tuesday, November 26th. DA Davidson lifted their price target on shares of PVH from $105.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, November 27th. Finally, ValuEngine upgraded shares of PVH from a sell rating to a hold rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $105.65.

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: Cash Flow

Earnings History and Estimates for PVH (NYSE:PVH)

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