Levi Strauss & Co. (LEVI) to Release Quarterly Earnings on Wednesday

Levi Strauss & Co. (NYSE:LEVI) is set to announce its earnings results after the market closes on Wednesday, October 2nd. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. Levi Strauss & Co.’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 EPS. On average, analysts expect Levi Strauss & Co. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Levi Strauss & Co. Trading Up 1.3 %

Shares of LEVI stock opened at $20.68 on Wednesday. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34. The company has a market capitalization of $8.22 billion, a PE ratio of 59.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. The firm has a 50 day moving average price of $18.73 and a two-hundred day moving average price of $20.22. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the sale, the director now directly owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the sale, the director now owns 229,176 shares in the company, valued at approximately $4,583,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares of the company’s stock, valued at $2,952,508.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock valued at $736,461. Corporate insiders own 3.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LEVI has been the topic of several recent research reports. OTR Global assumed coverage on Levi Strauss & Co. in a research report on Friday, June 14th. They set a “positive” rating on the stock. Bank of America lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. TD Cowen increased their target price on shares of Levi Strauss & Co. from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Stifel Nicolaus raised their target price on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Thursday, June 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.38.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.