Crocs, Inc. (CROX) Expected to Announce Quarterly Sales of $236.90 Million
Equities research analysts expect Crocs, Inc. (NASDAQ:CROX) to post sales of $236.90 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Crocs’ earnings, with the lowest sales estimate coming in at $236.80 million and the highest estimate coming in at $237.00 million. Crocs posted sales of $245.89 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.7%. The business is scheduled to report its next earnings report before the market opens on Tuesday, November 7th.
According to Zacks, analysts expect that Crocs will report full year sales of $236.90 million for the current year, with estimates ranging from $1.01 billion to $1.02 billion. For the next year, analysts expect that the business will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Crocs.
Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Crocs had a negative net margin of 0.91% and a negative return on equity of 3.36%. The business had revenue of $313.20 million during the quarter, compared to analysts’ expectations of $311.33 million. During the same period last year, the company posted $0.16 EPS. The business’s revenue was down 3.3% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Crocs by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 935,186 shares of the textile maker’s stock valued at $6,612,000 after acquiring an additional 11,477 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Crocs by 110.3% during the first quarter. UBS Asset Management Americas Inc. now owns 29,938 shares of the textile maker’s stock worth $212,000 after purchasing an additional 15,699 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Crocs during the first quarter worth approximately $118,000. Prudential Financial Inc. raised its holdings in Crocs by 0.6% during the first quarter. Prudential Financial Inc. now owns 125,415 shares of the textile maker’s stock worth $887,000 after purchasing an additional 750 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Crocs by 1.3% during the first quarter. Arizona State Retirement System now owns 38,388 shares of the textile maker’s stock worth $271,000 after purchasing an additional 500 shares in the last quarter. 88.60% of the stock is owned by institutional investors and hedge funds.
Shares of Crocs (CROX) traded up 0.39% during trading on Wednesday, hitting $10.24. 529,278 shares of the company’s stock were exchanged. The company’s market cap is $734.83 million. Crocs has a 12-month low of $5.93 and a 12-month high of $10.80. The company has a 50-day moving average of $9.69 and a 200-day moving average of $8.07.
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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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