V.F. Corporation (NYSE:VFC) is expected to report second quarter earnings results, before market open, on Friday 16th October 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.49 per share.
Looking ahead, the full year income are expected at $ 1.12 per share on the revenues of $ 8834.05 million.
Previous Quarter Performance
V.F. Corporation came out with loss for the first quarter of $ 0.57 per share, from the revenue of $ 1,076.00 million. The quarterly revenues contracted 52.54 percent compared with the same quarter last year. Wall street analysts are predicting, VFC to report 1Q21 loss of $ 0.67 per share from revenue of $ 981.63 million. The bottom line results beat street analysts by $ 0.1 or 14.93 percent, at the same time, top line results outshined analysts by $ 94.37 million or 9.61 percent.
Stock Performance
Shares of V.F. Corporation traded up $ 2.00 or 2.64 percent on Thursday, reaching $ 77.74 with volume of 1.96 million shares. V.F. Corporation has traded high as $ 78.19 and has cracked $ 75.29 on the downward trend
According to the previous trading day, closing price of $ 77.74, representing a 68.05 % increase from the 52 week low of $ 45.07 and a 24.45 % decrease over the 52 week high of $ 100.25.
The company has a market capital of $ 30.29 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Recent Analyst recommendations
- On 9th October 2020, downgraded by Stifel Nicolaus to Hold from Buy rating.
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 65.00 target price.
Recent Stock Dividend Announcement
On July 31, 2020, the board of directors authorized quarterly dividend of $ 0.48 per share to holders of record as of the close of business on September 10, 2020, with payment date of September 21, 2020 and ex-dividend date on September 9, 2020.
Conference Call
V.F. Corporation will be hosting a conference call at 8:30 AM eastern time on 16th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.vfc.com
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through four segments: Outdoor, Active, Work, and Jeans.
