Salvatore Ferragamo (SFRGY) Projected to Announce Quarterly Earnings on Thursday

Salvatore Ferragamo (OTCMKTS:SFRGY) is anticipated to post its resultson Thursday, July 30th. Analysts expect the company to announce earnings of ($0.0266) per share and revenue of $532.4330 million for the quarter.

Salvatore Ferragamo Stock Performance

SFRGY opened at $5.78 on Wednesday. The company’s 50-day simple moving average is $5.62 and its two-hundred day simple moving average is $4.68. The stock has a market capitalization of $1.95 billion and a P/E ratio of 12.13. Salvatore Ferragamo has a 52-week low of $2.54 and a 52-week high of $6.72.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SFRGY. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Salvatore Ferragamo currently has a consensus rating of “Hold”.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.