Skechers U.S.A. (SKX) Scheduled to Post Quarterly Earnings on Thursday

Skechers U.S.A. (NYSE:SKX) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Skechers U.S.A. to post earnings of $1.10 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Skechers U.S.A. (NYSE:SKX) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Skechers U.S.A. had a net margin of 6.82% and a return on equity of 12.89%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. On average, analysts expect Skechers U.S.A. to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Skechers U.S.A. Stock Performance

NYSE:SKX opened at $59.64 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.38. The stock has a market capitalization of $9.14 billion, a PE ratio of 17.09, a P/E/G ratio of 1.02 and a beta of 1.32. Skechers U.S.A. has a fifty-two week low of $45.58 and a fifty-two week high of $65.17. The company has a fifty day moving average of $59.65 and a two-hundred day moving average of $57.90.

Insider Transactions at Skechers U.S.A.

In related news, COO David Weinberg sold 67,390 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total value of $3,899,859.30. Following the transaction, the chief operating officer now directly owns 141,405 shares in the company, valued at $8,183,107.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Skechers U.S.A. news, CEO Robert Greenberg sold 99,139 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $57.87, for a total transaction of $5,737,173.93. Following the completion of the transaction, the chief executive officer now owns 196,050 shares of the company’s stock, valued at $11,345,413.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David Weinberg sold 67,390 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the completion of the sale, the chief operating officer now directly owns 141,405 shares in the company, valued at $8,183,107.35. The disclosure for this sale can be found here. Insiders sold 254,875 shares of company stock worth $15,021,192 in the last 90 days. Insiders own 24.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SKX shares. Raymond James decreased their price target on shares of Skechers U.S.A. from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, February 5th. TD Cowen boosted their price target on Skechers U.S.A. from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Barclays began coverage on Skechers U.S.A. in a report on Monday, April 1st. They issued an “overweight” rating and a $71.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and set a $68.00 target price on shares of Skechers U.S.A. in a report on Friday, April 19th. Finally, Monness Crespi & Hardt boosted their price target on shares of Skechers U.S.A. from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.17.

About Skechers U.S.A.

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.