Kontoor Brands (NYSE:KTB) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Kontoor Brands (NYSE:KTB) released its quarterly earnings data on Tuesday. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.07, Zacks reports. The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $698.07 million. Kontoor Brands had a return on equity of 73.99% and a net margin of 9.72%. Kontoor Brands’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. Kontoor Brands updated its FY 2025 guidance to 5.200-5.300 EPS and its FY25 guidance to $5.20-$5.30 EPS.

Kontoor Brands Trading Down 14.1 %

NYSE KTB traded down $12.16 on Tuesday, reaching $74.01. The company had a trading volume of 253,865 shares, compared to its average volume of 561,274. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 2.12 and a beta of 1.19. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42. Kontoor Brands has a fifty-two week low of $52.95 and a fifty-two week high of $96.80. The business has a 50 day moving average of $87.12 and a two-hundred day moving average of $83.12.

Kontoor Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.52 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.08 annualized dividend and a dividend yield of 2.81%. Kontoor Brands’s dividend payout ratio is 46.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KTB shares. 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 research note on Friday, November 1st. Wells Fargo & Company raised their target price on shares of Kontoor Brands from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Barclays boosted their target price on shares of Kontoor Brands from $83.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Stifel Nicolaus cut Kontoor Brands from a “buy” rating to a “hold” rating and increased their price target for the company from $89.00 to $93.00 in a research note on Friday, November 1st. Finally, UBS Group reduced their price objective on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Kontoor Brands has an average rating of “Moderate Buy” and a consensus price target of $96.33.

Kontoor Brands Company Profile

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.