Kontoor Brands (KTB) Set to Announce Earnings on Thursday

Kontoor Brands (NYSE:KTB) will 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 are interested in registering for the company’s earnings conference call can do so using this link.

Kontoor Brands (NYSE:KTB) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Kontoor Brands had a return on equity of 76.30% and a net margin of 8.86%. The business had revenue of $669.80 million for the quarter, compared to analyst estimates 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 Price Performance

NYSE KTB opened at $61.87 on Thursday. Kontoor Brands has a twelve month low of $37.10 and a twelve month high of $64.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.38 and a current ratio of 2.66. The stock has a market capitalization of $3.45 billion, a PE ratio of 15.24, a P/E/G ratio of 1.52 and a beta of 1.13. The stock 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. Kontoor Brands’s dividend payout ratio is presently 49.26%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Kontoor Brands from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Edward Jones cut Kontoor Brands from a “buy” rating to a “hold” rating in a report on Friday, January 26th. UBS Group upped their price target on Kontoor Brands from $83.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Barclays cut their price target on Kontoor Brands from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Kontoor Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

About Kontoor Brands

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.