Quiksilver Given New $7.00 Price Target at Roth Capital (ZQK)
Equities researchers at Roth Capital cut their price target on shares of Quiksilver (NYSE:ZQK) from $8.00 to $7.00 in a research report issued on Wednesday. Roth Capital’s price objective indicates a potential upside of 9.55% from the company’s current price.
Quiksilver (NYSE:ZQK) traded down 0.78% during mid-day trading on Wednesday, hitting $6.34. The stock had a trading volume of 963,134 shares. Quiksilver has a one year low of $4.81 and a one year high of $9.29. The stock’s 50-day moving average is $6.41 and its 200-day moving average is $7.5. The company’s market cap is $1.076 billion.
Quiksilver (NYSE:ZQK) last announced its earnings results on Thursday, March 6th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.04. The company had revenue of $392.60 million for the quarter, compared to the consensus estimate of $408.81 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that Quiksilver will post $0.07 earnings per share for the current fiscal year.
Quiksilver, Inc is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
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