Skechers U.S.A., Inc. (SKX) to Release Quarterly Earnings on Wednesday
Skechers U.S.A., Inc. (NYSE:SKX) is set to announce its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Skechers U.S.A. has set its Q3 guidance at $0.42-0.47 EPS.
Skechers U.S.A. (NYSE:SKX) last announced its quarterly earnings results on Thursday, July 20th. The textile maker reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $966.46 million. Skechers U.S.A. had a net margin of 5.92% and a return on equity of 12.79%. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. On average, analysts expect Skechers U.S.A. to post $1.57 EPS for the current fiscal year and $1.97 EPS for the next fiscal year.
Skechers U.S.A., Inc. (SKX) opened at 25.46 on Wednesday. The firm has a 50 day moving average of $25.81 and a 200-day moving average of $26.57. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 17.66 and a beta of 0.19. Skechers U.S.A., Inc. has a one year low of $18.81 and a one year high of $30.00.
In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 1,004 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $27.24, for a total value of $27,348.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 38.20% of the company’s stock.
Several research analysts have weighed in on the stock. Susquehanna Bancshares Inc reiterated a “buy” rating and issued a $34.00 price objective on shares of Skechers U.S.A. in a research note on Tuesday. Zacks Investment Research lowered shares of Skechers U.S.A. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Buckingham Research reiterated a “buy” rating and issued a $32.00 price objective (down previously from $34.00) on shares of Skechers U.S.A. in a research note on Monday, September 25th. BidaskClub lowered shares of Skechers U.S.A. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Cowen and Company set a $35.00 price objective on shares of Skechers U.S.A. and gave the company a “buy” rating in a research note on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $31.02.
Skechers U.S.A. Company Profile
Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.
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