(PVH) Phillips-Van Heusen Corporation – Higher Earnings Estimates on a Surging Share Price

January 7th, 2010

Phillips-Van Heusen Corp. (PVH) continues to see bullish forecasts. Analysts polled by Zacks are calling for earnings of $3.05 for the current fiscal year, which represents 15% growth from last year’s projection. Shares of PVH more than quadrupled the market’s performance in 2009.

Company Description

Phillips-Van Heusen Corp. is a global designer and marketer of branded dress shirts, sportswear footwear and other similar products, offering several well-known brands. Calvin Klein , Izod, Bass and DKNY are just a few of the company’s brands.

The company grants licensing rights to its brands and holds key licenses to brands in the dress shirts, neckwear, and sportswear segments.

Higher Estimates on a Surging Share Price

The company continues to see bullish forecasts. Analysts polled by Zacks are calling for earnings of $3.05 for the current fiscal year, which represents 15% growth from last year’s projection.

For the fiscal year ending January 2010, the Zacks Consensus Estimate of $2.65 per share was increased from $2.46 over the past 3 months. For the following year, the projection of $3.05 per share jumped from $2.85 over the 3 months.

Shares of PVH more than quadrupled the market’s performance in 2009.

Strong Fundamentals

Phillips-Van Heusen’s return on equity (ROE) of 13% beats the industry’ average of 12%. The company’s net profit margin of 4% compares to a negative industry average. The Growth and Income pick offers an industry-leading dividend yield of 0.34%.

A Robust Third Quarter

Phillips-Van Heusen announced third-quarter results in mid-November. Earnings per share of $1.08 came in 21% ahead of the Zacks Consensus Estimate. Revenue of $697.4 million was relatively flat year-over-year. Management stated that the improvement in business trends the company experienced in the second quarter intensified during the third quarter and contributed to the surpassing of PVH’s previous revenue and earnings guidance.

Phillips-Van Heusen added that the global strength of the Calvin Klein brand was evident in the third quarter’s 9% growth in royalty revenue. Additionally, as consumers have demanded more and more value, PVH’s IZOD, ARROW and Van Heusen brands have also benefited.

Zacks Investment Research

More on this topic (What's this?)
Intra-day action (AlphaNinja, 3/15/10)
PVH Corp. Dives on Revised Guidance (Phil’s Stock World, 1/11/12)
PVH Sounds A Cautious 2012 Tone; Shares Slip (Phil’s Stock World, 1/11/12)
Philips-Van Heusen Falls on Dingy Outlook (Wall Street Sector Selector, 5/25/10)
Read more on Phillips-Van Heusen at Wikinvest

Related Posts:

  1. (PVH) Phillips-Van Heusen Corporation – Recently Hiked Full-Year Earnings GuidancePhillips-Van Heusen Corporation (PVH) announced third-quarter results in mid-November. Earnings per share of $1.08 came...
  2. (PVH) Phillips-Van Heusen Corporation – Higher Estimates on a Surging Share PricePhillips-Van Heusen Corp. (PVH) is seeing higher forecasts ahead of reporting third-quarter results next week....
  3. ($PVH) Phillips-Van Heusen Corporation – Bullish Forecasts and Strong MomentumPhillips-Van Heusen Corp. (PVH) is seeing bullish forecasts. Analysts polled by Zacks are calling for...
  4. (NEU) NewMarket Corporation – Bullish Forecasts and a Surging Share PriceNewMarket Corporation (NEU) continues to see higher Zacks Consensus Estimates as it trades near a...
  5. (PVH) Phillips-Van Heusen Corporation – Analysts Very BullishPhillips-Van Heusen Corp. (PVH) posted second-quarter results in mid-August. Earnings per share of 60 cents...
  6. (PVH) Phillips-Van Heusen – scheduled to release results for the second quarter on August 19Phillips-Van Heusen Corp. (PVH) is up about 23% since it was last featured as a...


Search Posts by Tag: | | Consumer Goods | Textile - Apparel Clothing

RSS Feeds by Tag: Phillips-Van Heusen Corporation | PVH | Consumer Goods | Textile - Apparel Clothing |

Other Posts by: | RSS Feed for this author