Analysts expect Columbia Sportswear (NASDAQ:COLM) to report $1.11 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Columbia Sportswear’s earnings. The highest EPS estimate is $1.16 and the lowest is $1.08. Columbia Sportswear reported earnings per share of $1.20 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.5%. The business is scheduled to report its next earnings report after the market closes on Thursday, February 8th.
On average, analysts expect that Columbia Sportswear will report full year earnings of $2.70 per share for the current fiscal year, with EPS estimates ranging from $2.67 to $2.74. For the next fiscal year, analysts expect that the company will report earnings of $3.06 per share, with EPS estimates ranging from $2.90 to $3.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.10. The company had revenue of $747.37 million during the quarter, compared to the consensus estimate of $735.67 million. Columbia Sportswear had a net margin of 8.18% and a return on equity of 12.30%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 earnings per share.
Columbia Sportswear (COLM) traded up $1.10 during midday trading on Friday, reaching $73.91. The company had a trading volume of 234,838 shares, compared to its average volume of 160,229. The firm has a market capitalization of $5,087.71, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.88. Columbia Sportswear has a 1-year low of $51.56 and a 1-year high of $74.64.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $66.05, for a total transaction of $766,708.40. Following the sale, the director now owns 21,619 shares of the company’s stock, valued at $1,427,934.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Malia H. Wasson sold 900 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $61.68, for a total transaction of $55,512.00. Following the sale, the director now directly owns 1,089 shares in the company, valued at approximately $67,169.52. The disclosure for this sale can be found here. Corporate insiders own 58.86% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in Columbia Sportswear by 8.8% during the second quarter. State Street Corp now owns 538,316 shares of the textile maker’s stock valued at $31,254,000 after acquiring an additional 43,315 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Columbia Sportswear by 13.7% during the third quarter. Russell Investments Group Ltd. now owns 206,632 shares of the textile maker’s stock valued at $12,724,000 after acquiring an additional 24,950 shares during the last quarter. Harfst & Associates Inc. bought a new stake in Columbia Sportswear during the second quarter valued at $334,000. Deprince Race & Zollo Inc. boosted its position in Columbia Sportswear by 8.8% during the third quarter. Deprince Race & Zollo Inc. now owns 481,183 shares of the textile maker’s stock valued at $29,631,000 after acquiring an additional 38,786 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Columbia Sportswear by 14.8% during the third quarter. Victory Capital Management Inc. now owns 1,072,520 shares of the textile maker’s stock valued at $66,046,000 after acquiring an additional 137,900 shares during the last quarter. 39.00% of the stock is currently owned by institutional investors and hedge funds.
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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