Kontoor Brands (KTB) Set to Announce Quarterly Earnings on Thursday

Kontoor Brands (NYSE:KTB) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings results on Wednesday, February 28th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $669.80 million during the quarter, compared to analysts’ expectations of $720.70 million. Kontoor Brands had a return on equity of 76.30% and a net margin of 8.86%. 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

Shares of NYSE:KTB opened at $63.83 on Tuesday. Kontoor Brands has a one year low of $37.10 and a one year high of $64.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.66 and a quick ratio of 1.38. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.65 and a beta of 1.13. The company’s fifty day moving average price is $59.00 and its 200-day moving average price is $56.79.

Kontoor Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders 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 dividend on an annualized basis and a yield of 3.13%. Kontoor Brands’s payout ratio is 49.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group increased their price objective on Kontoor Brands from $83.00 to $85.00 and gave the company a “buy” rating in a research report 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. The Goldman Sachs Group boosted their price objective on shares of Kontoor Brands from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Barclays cut their price objective on shares of Kontoor Brands from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kontoor Brands has an average rating of “Moderate Buy” and an average price target 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.