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

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

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Kontoor Brands had a return on equity of 76.30% and a net margin of 8.86%. The firm 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

Shares of NYSE:KTB opened at $63.83 on Tuesday. The firm has a 50 day moving average of $59.00 and a 200-day moving average of $56.79. Kontoor Brands has a 12 month low of $37.10 and a 12 month high of $64.49. 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 stock has a market capitalization of $3.56 billion, a PE ratio of 15.72, a PEG ratio of 1.65 and a beta of 1.13.

Kontoor Brands Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, June 10th. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. Kontoor Brands’s payout ratio is 49.26%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KTB. The Goldman Sachs Group boosted their target price on Kontoor Brands from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Barclays dropped 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. Edward Jones lowered shares of Kontoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, UBS Group upped their price target on shares of Kontoor Brands from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.