Crocs (CROX) to Release Earnings on Thursday

Share on StockTwits

Crocs (NASDAQ:CROX) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Crocs to post earnings of ($0.02) per share for the quarter.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, August 7th. The textile maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.26. Crocs had a return on equity of 13.84% and a net margin of 2.29%. The company had revenue of $328.00 million for the quarter, compared to analysts’ expectations of $321.47 million. On average, analysts expect Crocs to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:CROX opened at $20.54 on Thursday. Crocs has a fifty-two week low of $8.64 and a fifty-two week high of $22.07. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -1,027.00, a price-to-earnings-growth ratio of 4.95 and a beta of 0.50.

Several equities analysts have weighed in on the company. BidaskClub raised Crocs from a “hold” rating to a “buy” rating in a research note on Saturday, September 15th. Piper Jaffray Companies set a $23.00 target price on Crocs and gave the company a “buy” rating in a research note on Monday, October 22nd. Zacks Investment Research raised Crocs from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, October 9th. TheStreet raised Crocs from a “c+” rating to a “b” rating in a research note on Thursday, August 9th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $21.00 target price on shares of Crocs in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.57.

In other news, Director Thomas J. Smach sold 74,400 shares of Crocs stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $20.14, for a total transaction of $1,498,416.00. Following the completion of the sale, the director now directly owns 125,262 shares in the company, valued at approximately $2,522,776.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel P. Hart sold 20,831 shares of Crocs stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $20.00, for a total value of $416,620.00. Following the sale, the insider now owns 347,706 shares of the company’s stock, valued at $6,954,120. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Earnings History for Crocs (NASDAQ:CROX)

Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply