Kontoor Brands (NYSE:KTB) Updates FY25 Earnings Guidance

by · The Cerbat Gem

Kontoor Brands (NYSE:KTB – Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.20-$5.30 for the period, compared to the consensus earnings per share estimate of $5.37. The company issued revenue guidance of $2.63-$2.69 billion, compared to the consensus revenue estimate of $2.68 billion. Kontoor Brands also updated its FY 2025 guidance to 5.200-5.300 EPS.

Kontoor Brands Stock Performance

Shares of KTB opened at $86.29 on Tuesday. The firm has a 50-day moving average price of $87.12 and a 200 day moving average price of $83.12. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $4.76 billion, a PE ratio of 19.43, a P/E/G ratio of 2.12 and a beta of 1.19. Kontoor Brands has a 52-week low of $52.95 and a 52-week high of $96.80.

Kontoor Brands (NYSE:KTB – Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.07. The business had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $698.07 million. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.28 earnings per share. On average, sell-side analysts anticipate that Kontoor Brands will post 4.82 earnings per share for the current fiscal year.

Kontoor Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s dividend payout ratio is presently 46.85%.

Wall Street Analysts Forecast Growth

KTB has been the topic of several analyst reports. UBS Group dropped their target price on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company upped their target price on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Guggenheim raised their price target on shares of Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus downgraded Kontoor Brands from a “buy” rating to a “hold” rating and raised their price objective for the company from $89.00 to $93.00 in a research note on Friday, November 1st. Finally, Barclays lifted their target price on shares of Kontoor Brands from $83.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.33.

View Our Latest Report on Kontoor Brands

About Kontoor Brands

(Get Free Report)

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.

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