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

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

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded PVH from a buy rating to a hold rating and set a $106.00 price objective for the company. in a research note on Monday. Royal Bank of Canada reaffirmed a buy rating and issued a $115.00 target price on shares of PVH in a research report on Thursday, January 9th. Bank of America upped their target price on PVH from $93.00 to $111.00 and gave the stock a buy rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lowered PVH from an overweight rating to a neutral rating and set a $93.00 target price on the stock. in a research report on Monday, October 28th. Finally, DA Davidson upped their target price on PVH from $105.00 to $115.00 and gave the stock a buy rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. PVH has an average rating of Buy and a consensus target price of $106.26.

PVH stock traded up $0.99 during midday trading on Thursday, reaching $99.73. 99,715 shares of the company’s stock traded hands, compared to its average volume of 630,525. The company has a quick ratio of 0.71, a current ratio of 1.40 and a debt-to-equity ratio of 0.71. PVH has a 1-year low of $67.41 and a 1-year high of $134.24. The company has a 50-day simple moving average of $102.45 and a two-hundred day simple moving average of $90.65. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.06 and a beta of 1.51.

PVH (NYSE:PVH) last posted its earnings results on Monday, November 25th. The textile maker reported $3.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.11. PVH had a return on equity of 12.17% and a net margin of 6.57%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the company posted $3.21 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts forecast that PVH will post 9.47 EPS for the current year.

The company also recently declared a dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, November 26th. PVH’s dividend payout ratio (DPR) is currently 1.56%.

About PVH

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.

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Earnings History and Estimates for PVH (NYSE:PVH)

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