Crocs, Inc. (CROX) to Release Quarterly Earnings on Tuesday
Crocs, Inc. (NASDAQ:CROX) will be announcing its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
Crocs (NASDAQ:CROX) last issued its earnings results on Wednesday, August 9th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.12. The company had revenue of $313.20 million during the quarter, compared to analyst estimates of $311.33 million. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, analysts expect Crocs to post $-0.03 EPS for the current fiscal year and $0.3 EPS for the next fiscal year.
Crocs, Inc. (CROX) opened at 10.51 on Tuesday. The company has a 50-day moving average price of $9.67 and a 200-day moving average price of $8.06. Crocs, Inc. has a 52 week low of $5.93 and a 52 week high of $10.80. The stock’s market cap is $754.21 million.
Several equities analysts have issued reports on CROX shares. ValuEngine upgraded shares of Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Pivotal Research started coverage on shares of Crocs in a research note on Thursday, October 5th. They issued a “hold” rating and a $9.50 price objective for the company. Stifel Nicolaus restated a “hold” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Crocs in a research note on Saturday, July 22nd. Zacks Investment Research downgraded shares of Crocs from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $7.00 price objective on shares of Crocs in a research note on Friday, July 14th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Crocs has an average rating of “Hold” and a consensus target price of $8.75.
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Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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