Crocs (CROX) Scheduled to Post Quarterly Earnings on Tuesday

Crocs (NASDAQ:CROX) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Crocs to post 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

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

Crocs Stock Down 1.9 %

Shares of NASDAQ:CROX opened at $124.28 on Monday. The firm has a market capitalization of $7.54 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.57 and a beta of 2.03. Crocs has a 1 year low of $74.00 and a 1 year high of $146.79. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.30 and a quick ratio of 0.75. The firm’s 50-day moving average is $129.12 and its two-hundred day moving average is $109.00.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Piper Sandler upped their price target on Crocs from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Barclays began coverage on Crocs in a research note on Monday, April 1st. They issued an “overweight” rating and a $167.00 price objective for the company. Wedbush restated an “outperform” rating and set a $154.00 target price on shares of Crocs in a research note on Friday. Finally, UBS Group lifted their price target on shares of Crocs from $117.00 to $124.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.64.

Insider Transactions at Crocs

In related news, Director John B. Replogle bought 1,972 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $126.75 per share, with a total value of $249,951.00. Following the transaction, the director now directly owns 3,153 shares of the company’s stock, valued at approximately $399,642.75. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director John B. Replogle bought 1,972 shares of Crocs stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $126.75 per share, with a total value of $249,951.00. Following the acquisition, the director now owns 3,153 shares of the company’s stock, valued at $399,642.75. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ian Bickley sold 3,215 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $118.57, for a total value of $381,202.55. Following the transaction, the director now owns 28,600 shares in the company, valued at approximately $3,391,102. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,867 shares of company stock worth $4,786,276. 2.69% of the stock is currently owned by insiders.

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.