Kontoor Brands (NYSE:KTB) Issues FY 2025 Earnings Guidance

Kontoor Brands (NYSE:KTB) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 5.200-5.300 for the period, compared to the consensus EPS estimate of 5.370. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion. Kontoor Brands also updated its FY25 guidance to $5.20-$5.30 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company increased their price objective on Kontoor Brands from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Guggenheim raised their price objective on shares of Kontoor Brands from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays dropped their price target on shares of Kontoor Brands from $100.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus lowered shares of Kontoor Brands from a “buy” rating to a “hold” rating and lifted their price objective for the company from $89.00 to $93.00 in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.17.

Kontoor Brands Trading Down 2.0 %

NYSE:KTB opened at $73.10 on Wednesday. The company’s 50 day moving average is $86.77 and its 200-day moving average is $83.25. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 2.09. Kontoor Brands has a 12 month low of $52.95 and a 12 month high of $96.80. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 2.12 and a beta of 1.19.

Kontoor Brands (NYSE:KTB) last released its earnings results on Tuesday, February 25th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.07. Kontoor Brands had a net margin of 9.72% and a return on equity of 73.99%. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $698.07 million. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. Equities analysts anticipate that Kontoor Brands will post 4.82 EPS for the current year.

Kontoor Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, March 10th. Kontoor Brands’s dividend payout ratio is currently 46.85%.

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.