Skechers USA (NYSE:SKX) will be announcing its earnings results before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Skechers USA has set its Q1 2019 guidance at $0.70-0.75 EPS and its Q1 guidance at $0.70-0.75 EPS.
Skechers USA (NYSE:SKX) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Skechers USA had a return on equity of 14.08% and a net margin of 6.49%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. On average, analysts expect Skechers USA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Skechers USA stock opened at $34.84 on Tuesday. The company has a market capitalization of $5.44 billion, a PE ratio of 18.15, a P/E/G ratio of 2.40 and a beta of 0.62. Skechers USA has a 52 week low of $21.45 and a 52 week high of $43.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.91 and a quick ratio of 1.89.
In related news, Director Jeffrey Greenberg sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $32.33, for a total transaction of $969,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Weinberg sold 32,943 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $34.09, for a total value of $1,123,026.87. Following the transaction, the chief operating officer now directly owns 473,097 shares of the company’s stock, valued at $16,127,876.73. The disclosure for this sale can be found here. Insiders have sold 495,108 shares of company stock valued at $16,691,886 over the last ninety days. 27.88% of the stock is currently owned by company insiders.
Several analysts have recently commented on SKX shares. Zacks Investment Research downgraded Skechers USA from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Cfra downgraded Skechers USA from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Morgan Stanley set a $29.00 price objective on Skechers USA and gave the stock a “hold” rating in a research note on Friday, February 8th. ValuEngine downgraded Skechers USA from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. Finally, Cowen reissued a “hold” rating and issued a $34.00 price objective on shares of Skechers USA in a research note on Tuesday, February 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.33.
TRADEMARK VIOLATION WARNING: This story was posted by Zolmax and is owned by of Zolmax. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://zolmax.com/investing/skechers-usa-skx-to-release-quarterly-earnings-on-thursday/3038268.html.
Skechers USA Company Profile
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.
Recommended Story: Why is the price-sales ratio important?
Receive News & Ratings for Skechers USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers USA and related companies with MarketBeat.com's FREE daily email newsletter.