Phillips-Van Heusen Corporation – Growth And Income – Zacks Rank Buy
Posted on January 18, 2010 at 00:00 AM EST
Phillips-Van Heusen Corporation ( PVH ) recently boosted its earnings guidance for the fourth quarter and full year, and analysts followed suit. Shares of PVH have outpaced the market by more than 100% over the past year. The company is expecting fourth-quarter earnings to range between 52 and 54 cents per share. Analysts polled by Zacks are calling for earnings of 54 cents, an increase of 10 cents from last week's 44 cents. For the full year, Phillips-Van Heusen is projecting an earnings range of $2.73 to $2.75 per share. The Zacks Consensus Estimate stands at $2.75 for the current year, versus last week's $2.65. For the following year, the Zacks Consensus Estimate of $3.13 per share climbed from $3.05. Results for the fourth quarter and full year are scheduled for release on Mar 23. Shares have been soaring. During the past year, PVH advanced by about 140%, while S&P 500 was up nearly 40%. Read the Jan 7 commentary on PVH. Last Week's Growth and Income Zacks Rank Buy Stocks Herbalife Ltd. ( HLF ) has more than doubled the market's return over the past year. Analysts polled by Zacks boosted forecasts on Herbalife's recent reaffirmation of 2009 and 2010 earnings outlook. Read the whole story. Harris Corp. ( HRS ) is outperforming the market on bullish forecasts. Analysts polled by Zacks are calling for earnings of $3.86 per share for the fiscal year ending June 2010, an upward revision of 54 cents over the past 3 months. Read the whole story. Tiffany & Co. ( TIF ) hiked its outlook on a 17% jump in holiday sales. The company now expects full-year earnings to range between $2.07 - $2.12 per share, versus the previous guidance range of $1.88 - $1.98. Read the whole story. Scripps Networks Interactive, Inc. ( SNI ) recently declared a quarterly dividend of 7.5 cents per share, which was paid out on Dec 10. The company boasts an industry-leading dividend yield of 0.70%. Read the whole story. Zacks Investment Research
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