Crocs (CROX) Scheduled to Post Quarterly Earnings on Tuesday

Crocs (NASDAQ:CROX) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $2.23 per share for the quarter. Crocs has set its Q1 guidance at $2.15-2.25 EPS and its FY24 guidance at $12.05-12.50 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.20. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The company had revenue of $960.10 million for the quarter, compared to analysts’ expectations of $958.39 million. During the same period in the previous year, the firm posted $2.65 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts expect Crocs to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Crocs Trading Down 1.9 %

Shares of NASDAQ CROX opened at $124.28 on Friday. The business’s 50 day moving average is $129.12 and its two-hundred day moving average is $108.85. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. Crocs has a 1-year low of $74.00 and a 1-year high of $146.79. The stock has a market capitalization of $7.54 billion, a P/E ratio of 9.70, a PEG ratio of 1.60 and a beta of 2.03.

Wall Street Analysts Forecast Growth

CROX has been the topic of several analyst reports. KeyCorp boosted their price objective on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Stifel Nicolaus boosted their price objective on Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Wedbush restated an “outperform” rating and set a $154.00 target price on shares of Crocs in a research report on Friday. B. Riley boosted their target price on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Barclays initiated coverage on Crocs in a research report on Monday, April 1st. They set an “overweight” rating and a $167.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Crocs has an average rating of “Moderate Buy” and a consensus price target of $144.64.

Insider Activity at Crocs

In related news, EVP Daniel P. Hart sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total value of $1,184,800.00. Following the completion of the sale, the executive vice president now owns 219,293 shares in the company, valued at $25,981,834.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Crocs news, President Michelle Poole sold 4,793 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the sale, the president now owns 64,912 shares in the company, valued at $7,734,264.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel P. Hart sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $118.48, for a total value of $1,184,800.00. Following the sale, the executive vice president now owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,867 shares of company stock worth $4,786,276. Company insiders own 2.69% of the company’s stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.