Crocs (NASDAQ:CROX – Get Free Report) announced its quarterly earnings results on Tuesday. The textile maker reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.77, Briefing.com reports. Crocs had a net margin of 20.00% and a return on equity of 61.97%. The firm had revenue of $938.60 million during the quarter, compared to analyst estimates of $884.29 million. During the same period in the previous year, the business posted $2.61 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Crocs updated its Q2 guidance to $3.40-3.55 EPS and its FY24 guidance to $12.25-12.73 EPS.
Crocs Price Performance
Shares of CROX opened at $139.70 on Friday. The stock has a market capitalization of $8.48 billion, a PE ratio of 10.91, a PEG ratio of 1.56 and a beta of 2.03. The company has a 50 day moving average price of $130.16 and a 200-day moving average price of $110.21. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 1.30. Crocs has a fifty-two week low of $74.00 and a fifty-two week high of $146.79.
Insider Activity at Crocs
In other Crocs news, Director Ian Bickley sold 16,785 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the sale, the director now owns 31,815 shares of the company’s stock, valued at approximately $3,819,390.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ian Bickley sold 16,785 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $120.05, for a total value of $2,015,039.25. Following the transaction, the director now owns 31,815 shares in the company, valued at approximately $3,819,390.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Michelle Poole sold 4,793 shares of Crocs stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the sale, the president now owns 64,912 shares of the company’s stock, valued at $7,734,264.80. The disclosure for this sale can be found here. Insiders have sold a total of 39,867 shares of company stock valued at $4,786,276 over the last ninety days. 2.72% of the stock is owned by company insiders.
Analyst Ratings Changes
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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.
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