VF Corp (NYSE:VFC) First Quarter Profit Outshines Wall Street Forecasts – VFC, PVH, JOEZ, RL

VF Corp (NYSE:VFC), makers of Wrangler and Lee jeans, declared on Friday a profit for fiscal Q1 that hiked from previous year, showing higher margins and sales expansion.

Adjusted EPS surpassed Wall Street forecasts, while quarterly revenues failed to meet their forecasts by a whisker.

The Greensboro, North Carolina-based company also lifted its earnings outlook for FY 2013, while maintaining its revenue outlook.

Branded lifestyle apparel maker announced net income was $270.42 million or $2.41 a share for fiscal Q1, over $215.22 million or $1.91 a share in the similar period a year ago.

Thomson Reuters 19 analysts’ survey on average forecasted to announce earnings of $2.18 a share for three months period.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. PVH Corp (NYSE:PVH) rose +0.22% to settle at $111.60, Joe’s Jeans Inc (NASDAQ:JOEZ) moved up +1.63% to end at $1.87 while Ralph Lauren Corp (NYSE:RL) jumped +0.13% to finish at $175.60 on Friday.

VF Corp (NYSE:VFC) last session’s volume of 1.03 million shares was surprisingly higher than its average volume of 577,919 shares. The stock after opening at $177.45 hit high price of $177.63 and then closed at $174.82 by scoring -2.20%.

The liquidity measure in recent quarter results of the company was recorded 1.99 as current ratio and on the other side the debt to equity ratio was 0.36 and long-term debt to equity ratio remained at 0.28. The Company had total cash of $300.44 million at hand and a book value per share as $46.24 in the most recent quarter.

The stock’s price volatility was 2.43% for a week and 1.95% for a month as well as price volatility’s Average True Range for 14 days was 3.52and its beta remained at 0.95.

VFC generated revenue of $10.88 billion in the previous twelve months and earned $1.09 billion. The Company showed a positive 9.98% in the net profit margin as well as in its operating margin which remained at 13.47%. Company’s annual sales growth for the past five years was 1.95%.

DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL

This entry was posted in Latest Headlines, Services and tagged , , , , , , , , , , . Bookmark the permalink.