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.

WARNING: “Skechers U.S.A., Inc. (SKX) to Release Quarterly Earnings on Wednesday” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at

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.

Earnings History for Skechers U.S.A. (NYSE:SKX)

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