Kontoor Brands (KTB) Set to Announce Earnings on Thursday

Kontoor Brands (NYSE:KTB) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Kontoor Brands to post earnings of $0.90 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Wednesday, February 28th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Kontoor Brands had a net margin of 8.86% and a return on equity of 76.30%. The business had revenue of $669.80 million during the quarter, compared to analysts’ expectations of $720.70 million. On average, analysts expect Kontoor Brands to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Kontoor Brands Stock Up 2.7 %

Kontoor Brands stock opened at $61.87 on Thursday. Kontoor Brands has a 1-year low of $37.10 and a 1-year high of $64.49. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.52 and a beta of 1.13. The company has a current ratio of 2.66, a quick ratio of 1.38 and a debt-to-equity ratio of 2.05. The firm has a 50 day simple moving average of $59.02 and a 200 day simple moving average of $56.31.

Kontoor Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Monday, June 10th. Kontoor Brands’s dividend payout ratio (DPR) is presently 49.26%.

Analysts Set New Price Targets

KTB has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Kontoor Brands from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. UBS Group lifted their target price on shares of Kontoor Brands from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Edward Jones cut shares of Kontoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Barclays cut their price target on shares of Kontoor Brands from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kontoor Brands presently has an average rating of “Moderate Buy” and an average price target of $70.40.

Kontoor Brands Company Profile

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.