Skechers U.S.A. (SKX) Set to Announce Earnings on Thursday

Skechers U.S.A. (NYSE:SKX) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Skechers U.S.A. (NYSE:SKX) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.03 billion. Skechers U.S.A. had a net margin of 6.82% and a return on equity of 12.89%. Skechers U.S.A.’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. On average, analysts expect Skechers U.S.A. to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Skechers U.S.A. Stock Up 2.9 %

Shares of SKX opened at $58.02 on Tuesday. The firm has a market cap of $8.89 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32. Skechers U.S.A. has a 12-month low of $45.58 and a 12-month high of $65.17. The company’s 50-day moving average price is $59.64 and its 200 day moving average price is $57.82. The company has a current ratio of 2.38, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SKX. Monness Crespi & Hardt boosted their price objective on shares of Skechers U.S.A. from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Bank of America initiated coverage on shares of Skechers U.S.A. in a research note on Friday, March 8th. They set a “neutral” rating and a $67.00 price target on the stock. Raymond James cut their price target on shares of Skechers U.S.A. from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, February 5th. Stifel Nicolaus cut their price target on shares of Skechers U.S.A. from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Finally, TD Cowen boosted their price target on shares of Skechers U.S.A. from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Skechers U.S.A. currently has an average rating of “Moderate Buy” and a consensus price target of $66.17.

Insider Transactions at Skechers U.S.A.

In related news, CEO Robert Greenberg sold 99,139 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total value of $5,737,173.93. Following the completion of the transaction, the chief executive officer now directly owns 196,050 shares of the company’s stock, valued at $11,345,413.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert Greenberg sold 99,139 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total value of $5,737,173.93. Following the completion of the transaction, the chief executive officer now directly owns 196,050 shares of the company’s stock, valued at $11,345,413.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Greenberg sold 25,282 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $61.11, for a total value of $1,544,983.02. Following the completion of the transaction, the president now directly owns 123,441 shares of the company’s stock, valued at $7,543,479.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,875 shares of company stock valued at $15,021,192. 24.75% of the stock is currently owned by corporate insiders.

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.