Crocs (CROX) to Release Quarterly Earnings on Tuesday

Crocs (NASDAQ:CROX) will 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

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

Crocs Stock Up 1.8 %

Shares of NASDAQ:CROX opened at $127.69 on Tuesday. The firm’s 50 day moving average price is $128.48 and its 200 day moving average price is $108.06. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.58 and a beta of 2.01. Crocs has a fifty-two week low of $74.00 and a fifty-two week high of $146.79. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13.

Insider Activity

In other news, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the transaction, the executive vice president now directly owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Daniel P. Hart sold 10,000 shares of Crocs stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $118.48, for a total value of $1,184,800.00. Following the transaction, the executive vice president now directly owns 219,293 shares of the company’s stock, valued at approximately $25,981,834.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Replogle bought 1,972 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now directly owns 3,153 shares in the company, valued at $399,642.75. The disclosure for this purchase can be found here. Insiders have sold 39,867 shares of company stock valued at $4,786,276 in the last ninety days. 2.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CROX. B. Riley raised their target price on shares of Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Stifel Nicolaus raised their price objective on shares of Crocs from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, February 16th. KeyCorp raised their price objective on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Bank of America raised their price objective on shares of Crocs from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.55.

About Crocs

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.