Zacks: Analysts Expect Kontoor Brands (NYSE:KTB) to Post $0.88 EPS

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Equities analysts expect Kontoor Brands (NYSE:KTB) to report $0.88 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Kontoor Brands’ earnings. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Kontoor Brands will report full year earnings of $3.48 per share for the current fiscal year, with EPS estimates ranging from $3.32 to $3.65. For the next year, analysts expect that the firm will post earnings of $3.55 per share, with EPS estimates ranging from $3.41 to $3.68. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Kontoor Brands.

KTB has been the subject of several research reports. Stifel Nicolaus initiated coverage on Kontoor Brands in a report on Tuesday, May 28th. They set a “buy” rating and a $46.00 price target for the company. Edward Jones initiated coverage on Kontoor Brands in a report on Friday, May 24th. They set a “hold” rating for the company. Goldman Sachs Group initiated coverage on Kontoor Brands in a report on Friday, May 17th. They set a “neutral” rating for the company. Cowen initiated coverage on Kontoor Brands in a report on Monday, April 8th. They set a “neutral” rating and a $7.50 price target for the company. Finally, Susquehanna Bancshares initiated coverage on Kontoor Brands in a report on Thursday. They set a “positive” rating and a $36.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.38.

Shares of NYSE KTB traded down $0.20 during trading hours on Friday, hitting $28.63. The company had a trading volume of 286,663 shares, compared to its average volume of 2,511,090. Kontoor Brands has a 1-year low of $27.16 and a 1-year high of $41.75.

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