Salvatore Ferragamo (SFRGF) to Post Quarterly Earnings on Thursday

Salvatore Ferragamo (OTCMKTS:SFRGF) will likely be announcing its resultson Thursday, July 30th. Analysts expect the company to post earnings of ($0.0516) per share and revenue of $532.7710 million for the quarter.

Salvatore Ferragamo Stock Performance

OTCMKTS:SFRGF opened at $8.90 on Tuesday. The stock has a fifty day simple moving average of $8.95 and a 200 day simple moving average of $9.73. Salvatore Ferragamo has a 1-year low of $8.90 and a 1-year high of $10.15.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Salvatore Ferragamo from an “underperform” rating to an “outperform” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Salvatore Ferragamo presently has an average rating of “Buy”.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury fashion house known for its craftsmanship in footwear, leather goods, ready-to-wear, accessories, eyewear, watches and fragrances. Since its founding, the company has built a reputation for combining innovative design with high-quality materials, particularly in its signature shoe collections. In addition to its core footwear business, Ferragamo offers a range of handbags, small leather accessories and silk products that reflect its heritage of artisanal techniques.

The company was established in 1927 in Florence by Salvatore Ferragamo, who gained renown for designing custom shoes for Hollywood stars in the 1930s.