Zacks: Analysts Expect Columbia Sportswear Company (COLM) to Post $1.15 EPS
Equities research analysts predict that Columbia Sportswear Company (NASDAQ:COLM) will announce earnings of $1.15 per share for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Columbia Sportswear’s earnings. The lowest EPS estimate is $1.10 and the highest is $1.23. Columbia Sportswear posted earnings of $1.18 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.5%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Columbia Sportswear will report full-year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.84. For the next year, analysts forecast that the company will report earnings of $3.03 per share, with EPS estimates ranging from $2.90 to $3.15. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.03. The business had revenue of $398.90 million for the quarter, compared to analysts’ expectations of $394.53 million. Columbia Sportswear had a negative net margin of 2.84% and a negative return on equity of 2.97%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) EPS.
A number of research analysts recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price objective on shares of Columbia Sportswear in a report on Sunday. Zacks Investment Research raised Columbia Sportswear from a “sell” rating to a “hold” rating in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price objective on shares of Columbia Sportswear in a report on Wednesday, October 4th. Pivotal Research assumed coverage on Columbia Sportswear in a report on Thursday, October 5th. They set a “buy” rating and a $72.00 price objective on the stock. Finally, Canaccord Genuity set a $60.00 price objective on Columbia Sportswear and gave the stock a “hold” rating in a report on Tuesday, July 25th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Columbia Sportswear currently has a consensus rating of “Buy” and an average price target of $63.92.
In other Columbia Sportswear news, Director Edward S. George sold 6,664 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $56.90, for a total value of $379,181.60. Following the sale, the director now owns 8,664 shares of the company’s stock, valued at $492,981.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 58.86% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of COLM. SG Americas Securities LLC acquired a new stake in Columbia Sportswear in the first quarter valued at $114,000. Ameritas Investment Partners Inc. acquired a new stake in Columbia Sportswear in the first quarter valued at $137,000. Creative Planning grew its holdings in Columbia Sportswear by 2.6% in the second quarter. Creative Planning now owns 2,826 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 72 shares during the last quarter. Advisor Group Inc. grew its holdings in Columbia Sportswear by 11.2% in the second quarter. Advisor Group Inc. now owns 3,364 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 339 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Columbia Sportswear by 36.1% in the second quarter. US Bancorp DE now owns 3,564 shares of the textile maker’s stock valued at $207,000 after purchasing an additional 946 shares during the last quarter. 38.65% of the stock is currently owned by institutional investors.
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Shares of Columbia Sportswear (NASDAQ COLM) traded up 1.69% on Friday, hitting $61.83. The stock had a trading volume of 305,963 shares. The stock has a market cap of $4.31 billion, a P/E ratio of 22.54 and a beta of 0.82. The firm has a 50 day moving average of $59.88 and a 200 day moving average of $57.68. Columbia Sportswear has a 12 month low of $51.56 and a 12 month 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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