Crocs (NASDAQ:CROX) Announces Quarterly Earnings Results

Crocs (NASDAQ:CROX) issued its quarterly earnings results on Thursday. The textile maker reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25, Zacks reports. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Crocs updated its FY 2025 guidance to 12.700-13.150 EPS and its Q1 2025 guidance to 2.380-2.520 EPS.

Crocs Trading Up 20.6 %

Shares of Crocs stock traded up $18.30 on Thursday, reaching $107.13. 4,981,423 shares of the company were exchanged, compared to its average volume of 1,563,943. The stock has a fifty day moving average price of $105.75 and a 200-day moving average price of $119.68. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. Crocs has a fifty-two week low of $88.25 and a fifty-two week high of $165.32.

Analyst Upgrades and Downgrades

CROX has been the subject of a number of research analyst reports. StockNews.com upgraded Crocs from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James downgraded Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Barclays lowered their price target on Crocs from $164.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Robert W. Baird lowered their price target on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday. Finally, Guggenheim lowered their price target on Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.33.

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.