Crocs (NASDAQ:CROX) posted its quarterly earnings results on Monday. The textile maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.27, RTT News reports. The company had revenue of $411.50 million during the quarter, compared to the consensus estimate of $408.71 million. Crocs had a return on equity of 102.93% and a net margin of 12.08%. The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS.
Shares of CROX stock opened at $80.01 on Wednesday. The firm has a market cap of $5.40 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.35 and a beta of 1.77. Crocs has a fifty-two week low of $8.40 and a fifty-two week high of $84.09. The business’s 50 day moving average price is $75.15 and its 200-day moving average price is $57.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.07 and a current ratio of 1.70.
In other news, CEO Andrew Rees sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, January 7th. The stock was sold at an average price of $70.12, for a total value of $357,612.00. Following the completion of the transaction, the chief executive officer now owns 849,848 shares in the company, valued at approximately $59,591,341.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 88,600 shares of company stock worth $6,604,246. Corporate insiders own 2.32% of the company’s stock.
Crocs Company Profile
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.
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