Skechers USA (SKX) to Release Quarterly Earnings on Thursday

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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.

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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.

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Earnings History for Skechers USA (NYSE:SKX)

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