Equities analysts expect that Crocs, Inc. (NASDAQ:CROX) will report $196.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Crocs’ earnings. The highest sales estimate is $197.00 million and the lowest is $196.00 million. Crocs reported sales of $187.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, February 28th.
On average, analysts expect that Crocs will report full-year sales of $196.50 million for the current financial year. For the next fiscal year, analysts expect that the firm will post sales of $1.02 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Crocs.
Several brokerages have commented on CROX. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Pivotal Research restated a “hold” rating and set a $13.00 price target (up from $10.00) on shares of Crocs in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Crocs from a “sell” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, January 9th. Piper Jaffray Companies set a $12.00 price target on Crocs and gave the stock a “hold” rating in a research note on Monday, January 8th. Finally, Buckingham Research lowered Crocs from a “neutral” rating to an “underperform” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Crocs presently has a consensus rating of “Hold” and a consensus price target of $10.67.
Several hedge funds and other institutional investors have recently modified their holdings of CROX. Teachers Advisors LLC boosted its position in shares of Crocs by 17.5% in the second quarter. Teachers Advisors LLC now owns 140,509 shares of the textile maker’s stock worth $1,083,000 after buying an additional 20,896 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Crocs by 39.0% in the second quarter. TIAA CREF Investment Management LLC now owns 278,804 shares of the textile maker’s stock worth $2,150,000 after buying an additional 78,188 shares during the period. Nationwide Fund Advisors boosted its position in shares of Crocs by 18.7% in the second quarter. Nationwide Fund Advisors now owns 50,548 shares of the textile maker’s stock worth $390,000 after buying an additional 7,979 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Crocs by 7.6% in the second quarter. Thrivent Financial For Lutherans now owns 44,470 shares of the textile maker’s stock worth $343,000 after buying an additional 3,160 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Crocs by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 30,036 shares of the textile maker’s stock worth $232,000 after buying an additional 98 shares during the period. 91.56% of the stock is owned by institutional investors.
Shares of Crocs (CROX) traded down $0.01 during trading hours on Thursday, reaching $13.25. The company’s stock had a trading volume of 763,373 shares, compared to its average volume of 858,635. Crocs has a 12 month low of $5.93 and a 12 month high of $14.47.
ILLEGAL ACTIVITY NOTICE: “Analysts Expect Crocs, Inc. (CROX) Will Post Quarterly Sales of $196.50 Million” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/18/analysts-expect-crocs-inc-crox-will-post-quarterly-sales-of-196-50-million.html.
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
Get a free copy of the Zacks research report on Crocs (CROX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.