-$0.20 EPS Expected for Columbia Sportswear Company (COLM) This Quarter
Wall Street analysts forecast that Columbia Sportswear Company (NASDAQ:COLM) will report earnings per share of ($0.20) for the current quarter, according to Zacks. Seven analysts have made estimates for Columbia Sportswear’s earnings. The highest EPS estimate is ($0.16) and the lowest is ($0.24). Columbia Sportswear reported earnings per share of ($0.12) in the same quarter last year, which suggests a negative year over year growth rate of 66.7%. The company is expected to announce its next earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Columbia Sportswear will report full-year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.78 to $2.83. For the next fiscal year, analysts expect that the firm will post earnings of $3.05 per share, with EPS estimates ranging from $2.95 to $3.15. Zacks’ EPS averages are an average based on a survey of analysts that cover Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, April 27th. The textile maker reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Columbia Sportswear had a return on equity of 12.80% and a net margin of 8.19%. The company had revenue of $543.80 million during the quarter, compared to analysts’ expectations of $533.82 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year.
Several brokerages recently issued reports on COLM. Cowen and Company set a $58.00 target price on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Columbia Sportswear from a “sell” rating to a “hold” rating in a research report on Monday. Buckingham Research restated a “neutral” rating and set a $58.00 price objective on shares of Columbia Sportswear in a research report on Monday. Goldman Sachs Group, Inc. (The) downgraded shares of Columbia Sportswear from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, May 23rd. Finally, Forward View downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $63.83.
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In related news, Director Edward S. George sold 1,776 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $53.59, for a total value of $95,175.84. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $107,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 58.86% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its position in shares of Columbia Sportswear by 0.6% in the first quarter. Creative Planning now owns 2,754 shares of the textile maker’s stock worth $162,000 after buying an additional 17 shares during the period. HL Financial Services LLC boosted its position in shares of Columbia Sportswear by 0.9% in the first quarter. HL Financial Services LLC now owns 4,022 shares of the textile maker’s stock worth $236,000 after buying an additional 35 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Columbia Sportswear by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 8,093 shares of the textile maker’s stock worth $476,000 after buying an additional 66 shares during the period. Stifel Financial Corp boosted its position in shares of Columbia Sportswear by 4.7% in the first quarter. Stifel Financial Corp now owns 3,960 shares of the textile maker’s stock worth $233,000 after buying an additional 176 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Columbia Sportswear by 6.6% in the first quarter. Prudential Financial Inc. now owns 4,868 shares of the textile maker’s stock worth $286,000 after buying an additional 300 shares during the period. 39.35% of the stock is currently owned by institutional investors and hedge funds.
Columbia Sportswear (NASDAQ COLM) opened at 57.12 on Thursday. The stock has a 50 day moving average price of $56.44 and a 200-day moving average price of $56.36. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 20.55 and a beta of 0.79. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $63.55.
Columbia Sportswear Company Profile
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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