Skechers U.S.A. (SKX) Expected to Announce Earnings on Wednesday

Skechers U.S.A. (NYSE:SKX) is expected to be announcing its Q2 2025 earnings results after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.85 per share and revenue of $2.35 billion for the quarter.

Skechers U.S.A. (NYSE:SKX) last issued its quarterly earnings data on Thursday, April 24th. The textile maker reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.17. Skechers U.S.A. had a return on equity of 13.34% and a net margin of 6.96%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the company posted $1.33 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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. Stock Performance

Shares of SKX stock opened at $63.07 on Wednesday. Skechers U.S.A. has a 12-month low of $44.50 and a 12-month high of $78.85. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 15.16 and a beta of 1.12. The business has a 50 day simple moving average of $62.47 and a 200 day simple moving average of $61.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.13 and a quick ratio of 1.28.

Institutional Investors Weigh In On Skechers U.S.A.

A hedge fund recently raised its stake in Skechers U.S.A. stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Skechers U.S.A., Inc. (NYSE:SKX) by 4.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 394,235 shares of the textile maker’s stock after acquiring an additional 16,915 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.26% of Skechers U.S.A. worth $22,385,000 at the end of the most recent reporting period. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SKX. Wall Street Zen began coverage on Skechers U.S.A. in a report on Thursday, May 22nd. They issued a “sell” rating for the company. Morgan Stanley reissued an “equal weight” rating and issued a $63.00 price objective (down from $73.00) on shares of Skechers U.S.A. in a report on Wednesday, May 7th. Evercore ISI decreased their price objective on Skechers U.S.A. from $78.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Barclays reissued an “equal weight” rating and issued a $63.00 price objective (up from $53.00) on shares of Skechers U.S.A. in a report on Tuesday, May 6th. Finally, Bank of America decreased their price target on Skechers U.S.A. from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Skechers U.S.A. currently has an average rating of “Hold” and a consensus price target of $67.69.

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.