Equities analysts expect that Skechers USA Inc (NYSE:SKX) will report $0.13 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Skechers USA’s earnings, with estimates ranging from $0.12 to $0.16. Skechers USA reported earnings of $0.04 per share during the same quarter last year, which indicates a positive year over year growth rate of 225%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Skechers USA will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.69 to $1.74. For the next year, analysts expect that the company will report earnings of $2.15 per share, with EPS estimates ranging from $2.10 to $2.23. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Skechers USA.

Skechers USA (NYSE:SKX) last issued its quarterly earnings results on Thursday, October 19th. The textile maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.43 by $0.16. Skechers USA had a net margin of 6.38% and a return on equity of 13.70%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis.

Several equities research analysts have commented on the stock. Susquehanna Bancshares reissued a “buy” rating and set a $46.00 price target on shares of Skechers USA in a research report on Monday. Monness Crespi & Hardt boosted their price target on shares of Skechers USA from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Vetr raised shares of Skechers USA from a “hold” rating to a “buy” rating and set a $37.55 price target on the stock in a research report on Tuesday, November 28th. Cowen reissued a “buy” rating and set a $38.00 price target on shares of Skechers USA in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Skechers USA from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Skechers USA presently has a consensus rating of “Buy” and a consensus target price of $36.46.

In other news, Director Thomas Walsh sold 750 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.81, for a total transaction of $26,107.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Michael Greenberg sold 150,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $31.86, for a total transaction of $4,779,000.00. Following the transaction, the president now owns 251,679 shares in the company, valued at $8,018,492.94. The disclosure for this sale can be found here. Insiders have sold a total of 461,250 shares of company stock worth $14,955,008 over the last 90 days. 21.73% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in SKX. Vanguard Group Inc. grew its stake in Skechers USA by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,543,894 shares of the textile maker’s stock valued at $311,045,000 after buying an additional 500,360 shares during the last quarter. Amerigo Asset Management grew its stake in Skechers USA by 38.2% in the 2nd quarter. Amerigo Asset Management now owns 6,134,253 shares of the textile maker’s stock valued at $180,960,000 after buying an additional 1,694,253 shares during the last quarter. State Street Corp grew its stake in Skechers USA by 47.2% in the 2nd quarter. State Street Corp now owns 5,031,124 shares of the textile maker’s stock valued at $148,423,000 after buying an additional 1,613,977 shares during the last quarter. Prudential Financial Inc. grew its stake in Skechers USA by 125.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,302,352 shares of the textile maker’s stock valued at $67,919,000 after buying an additional 1,282,260 shares during the last quarter. Finally, Mik Capital LLC acquired a new position in Skechers USA in the 2nd quarter valued at about $56,285,000. Institutional investors own 70.13% of the company’s stock.

Shares of Skechers USA (NYSE:SKX) traded up $0.48 during trading hours on Thursday, reaching $35.37. 1,234,884 shares of the company’s stock traded hands, compared to its average volume of 2,798,258. The company has a quick ratio of 2.30, a current ratio of 3.46 and a debt-to-equity ratio of 0.04. Skechers USA has a 52-week low of $22.31 and a 52-week high of $36.43. The company has a market cap of $5,449.78, a PE ratio of 21.36, a PEG ratio of 1.44 and a beta of 0.15.

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Skechers USA 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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Earnings History and Estimates for Skechers USA (NYSE:SKX)

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