Share on StockTwits

Quiksilver (NYSE:ZQK) shares hit a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement, reports. The stock traded as low as $2.65 and last traded at $2.83, with a volume of 5,839,720 shares. The stock had previously closed at $2.88.

The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.23. The company had revenue of $395.70 million for the quarter, compared to the consensus estimate of $440.64 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 18.7% on a year-over-year basis.

ZQK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Quiksilver from an “underperform” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $3.20 price target on the stock. Analysts at Roth Capital cut their price target on shares of Quiksilver to $4.00 in a research note on Monday, June 9th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $6.53.

The stock has a 50-day moving average of $3.10 and a 200-day moving average of $5.29. The company’s market cap is $483.2 million.

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.

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