Market Update (NYSE:VFC): VF Corporation Announces First Quarter 2016 Earnings and Conference Call Date

[Business Wire] – VF Corporation plans to release its first quarter fiscal 2016 financial results on Friday, April 29, 2016, at approximately 6:55 a.m. ET. Following the news release, VF management will host a conference call at approximately 8:30 a.m. Read more on this. V.F. Corporation (VFC) , with a current value of $26.96B, started trading this morning at $63.99. Today, shares have traded between $63.41 and $64.21 per share with a one year range of $52.21 to $77.40. VFC shares are currently priced at 19.31x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.57x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.48 per share annually in dividends, yielding 2.36%. Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $0.58 per share, which would be $0.09 worse than the year-ago quarter and a $0.14 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.24 is a $0.16 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.83 Billion. If realized, that would be a 0.35% decrease over the year-ago quarter. Recently, Macquarie Initiated VFC at Outperform (Feb 19, 2016). Previously, Stifel downgraded VFC from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $68.38, which is 6.86% above where the stock opened this morning. See more in (NYSE:VFC) Similar Articles: Market Update (NYSE:DOV): Dover Announces First Quarter 2016 Earnings Release Date, Conference Call and Webcast Stock Update (NYSE:PEP): PepsiCo Announces Timing of First Quarter 2016 Earnings Release and Conference Call Company Update (NYSE:NKE): NIKE, Inc. Announces Third Quarter Fiscal 2016 Earnings and Conference Call
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