Wall Street brokerages predict that Columbia Sportswear (NASDAQ:COLM) will post $0.58 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Columbia Sportswear’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.61. Columbia Sportswear reported earnings of $0.51 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The company is expected to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Columbia Sportswear will report full year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.21 to $3.30. For the next year, analysts expect that the company will report earnings of $3.58 per share, with EPS estimates ranging from $3.50 to $3.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings results on Thursday, February 8th. The textile maker reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.16. The firm had revenue of $776.00 million during the quarter, compared to the consensus estimate of $762.18 million. Columbia Sportswear had a net margin of 4.26% and a return on equity of 12.65%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share.
Columbia Sportswear (NASDAQ:COLM) traded down $1.57 during trading hours on Monday, hitting $77.59. 215,740 shares of the stock traded hands, compared to its average volume of 253,140. The company has a market capitalization of $5,542.54, a P/E ratio of 52.07, a PEG ratio of 2.54 and a beta of 0.91. Columbia Sportswear has a one year low of $51.56 and a one year high of $79.38.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Friday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, March 8th. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 1.13%. Columbia Sportswear’s payout ratio is 59.06%.
In other Columbia Sportswear news, COO Thomas B. Cusick sold 16,006 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $78.75, for a total value of $1,260,472.50. Following the transaction, the chief operating officer now directly owns 47,355 shares in the company, valued at $3,729,206.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Franco Fogliato sold 9,252 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $72.97, for a total transaction of $675,118.44. Following the completion of the transaction, the executive vice president now owns 16,806 shares in the company, valued at $1,226,333.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,495 shares of company stock worth $6,716,761. Corporate insiders own 58.86% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in COLM. JPMorgan Chase & Co. boosted its stake in Columbia Sportswear by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,789,254 shares of the textile maker’s stock valued at $108,662,000 after acquiring an additional 148,269 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Columbia Sportswear by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,178,660 shares of the textile maker’s stock valued at $84,722,000 after acquiring an additional 106,140 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Columbia Sportswear by 19.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 490,247 shares of the textile maker’s stock valued at $35,239,000 after acquiring an additional 78,554 shares during the last quarter. Deutsche Bank AG boosted its stake in Columbia Sportswear by 100.6% in the fourth quarter. Deutsche Bank AG now owns 116,724 shares of the textile maker’s stock valued at $8,388,000 after acquiring an additional 58,538 shares during the last quarter. Finally, Eaton Vance Management purchased a new position in Columbia Sportswear in the fourth quarter valued at about $3,954,000. Hedge funds and other institutional investors own 38.94% of the company’s stock.
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About Columbia Sportswear
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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