Skechers U.S.A. (SKX) to Release Earnings on Thursday

Skechers U.S.A. (NYSE:SKX) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect Skechers U.S.A. to post earnings of $1.17 per share and revenue of $2.43 billion for the quarter. Skechers U.S.A. has set its FY 2025 guidance at 4.300-4.500 EPS and its Q1 2025 guidance at 1.100-1.150 EPS.

Skechers U.S.A. (NYSE:SKX) last issued its earnings results on Thursday, February 6th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.08). Skechers U.S.A. had a net margin of 7.13% and a return on equity of 13.73%. On average, analysts expect Skechers U.S.A. to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Skechers U.S.A. Trading Down 1.8 %

Skechers U.S.A. stock opened at $46.79 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.12 and a current ratio of 1.97. The stock has a 50-day simple moving average of $56.09 and a 200 day simple moving average of $63.14. The stock has a market capitalization of $6.99 billion, a P/E ratio of 11.27, a PEG ratio of 1.11 and a beta of 1.08. Skechers U.S.A. has a 52 week low of $44.50 and a 52 week high of $78.85.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SKX. Raymond James dropped their price target on Skechers U.S.A. from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Evercore ISI cut their target price on shares of Skechers U.S.A. from $78.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price target on shares of Skechers U.S.A. from $80.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Barclays cut their price objective on shares of Skechers U.S.A. from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, StockNews.com lowered Skechers U.S.A. from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Skechers U.S.A. has an average rating of “Moderate Buy” and an average target price of $74.67.

Insider Buying and Selling at Skechers U.S.A.

In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 10,994 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $56.63, for a total transaction of $622,590.22. Following the completion of the transaction, the general counsel now owns 15,000 shares of the company’s stock, valued at approximately $849,450. The trade was a 42.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Greenberg sold 52,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total transaction of $3,299,072.00. Following the completion of the sale, the chief executive officer now owns 61,367 shares in the company, valued at approximately $3,848,938.24. The trade was a 46.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 218,245 shares of company stock worth $13,452,902 over the last three months. Corporate insiders own 24.75% of the company’s stock.

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.