VF Corporation’s Earnings and Revenue Could Fall in 1Q17
VFC to report fiscal 1Q17 on April 28
VF Corporation (VFC) is slated to report its fiscal 1Q17 results on April 28, 2017. Wall Street is predicting a 9.8% YoY (year-over-year) fall in EPS (earnings per share) to $0.55. Total revenue is likely to fall 4.2% YoY to $2.7 billion. That would be the fourth consecutive top-line fall for the company.
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Valuations summary and stock recommendations
VFC is trading at a one-year forward PE (price-to-earnings) ratio of 18.5x compared to a three-year average of 20.0x. It continues to trade at a premium to PVH (PVH), Gap (GPS), and Hanesbrands (HBI), which are trading at 13.7x, 12.8x, and 11.2x, respectively.
VFC stock offers a dividend yield of 3.0%, which is better than PVH’s at 0.20% and HBI’s at 2.7%, but lower than GPS’s at 3.8%.
VFC is covered by 23 Wall Street analysts. Of those, 26.0% have recommended a “buy,” 65.0% have recommended a “hold,” and 9.0% have recommended a “sell” for the stock.
Established in 1899, VF Corporation is one of the largest global apparel companies in the world. The company owns iconic American denim brands Lee and Wrangler and has a portfolio of about 35 brands. The company offers a wide array of products such as casual outerwear, footwear, jeanswear, backpacks, luggage, sportswear, occupational and performance apparel, and others.
With a market capitalization of $23.4 billion as of April 20, 2017, VFC has a weight of 2.0% in the ProShares S&P 500 Dividend Aristocrats (NOBL).
What’s this series all about?
This series is a preview of VFC’s upcoming 1Q17 results. We’ll look at the company’s recent financial performance and key drivers for 1Q17.
We’ll also briefly touch on the company’s stock market performance, current valuations, and Wall Street’s recommendations.