Analysts expect that Crocs, Inc. (NASDAQ:CROX) will post earnings per share of ($0.02) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Crocs’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.06). Crocs reported earnings of $0.02 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, November 8th.
According to Zacks, analysts expect that Crocs will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.25 to $0.31. For the next fiscal year, analysts forecast that the firm will report earnings of $0.78 per share, with EPS estimates ranging from $0.71 to $0.83. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Crocs.
Crocs (NASDAQ:CROX) last released its quarterly earnings data on Tuesday, August 7th. The textile maker reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.26. The business had revenue of $328.00 million for the quarter, compared to analyst estimates of $321.47 million. Crocs had a return on equity of 13.84% and a net margin of 2.29%.
Several analysts recently weighed in on CROX shares. BidaskClub lowered Crocs from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Pivotal Research raised Crocs from a “hold” rating to a “buy” rating and raised their price objective for the company from $15.00 to $21.00 in a research note on Wednesday, July 25th. Zacks Investment Research raised Crocs from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, August 8th. TheStreet raised Crocs from a “c+” rating to a “b” rating in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies set a $23.00 price objective on Crocs and gave the company a “buy” rating in a research note on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.57.
NASDAQ:CROX traded down $0.02 during trading hours on Monday, hitting $21.05. The company’s stock had a trading volume of 50,915 shares, compared to its average volume of 883,842. The firm has a market capitalization of $1.43 billion, a PE ratio of -1,061.50, a price-to-earnings-growth ratio of 5.20 and a beta of 0.61. Crocs has a twelve month low of $8.64 and a twelve month high of $22.07.
In other news, insider Daniel P. Hart sold 20,831 shares of Crocs stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $20.00, for a total transaction of $416,620.00. Following the sale, the insider now directly owns 347,706 shares of the company’s stock, valued at $6,954,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Smach sold 74,400 shares of Crocs stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $20.14, for a total value of $1,498,416.00. Following the sale, the director now directly owns 125,262 shares in the company, valued at $2,522,776.68. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in CROX. Hennessy Advisors Inc. boosted its stake in shares of Crocs by 480.9% during the third quarter. Hennessy Advisors Inc. now owns 1,608,500 shares of the textile maker’s stock valued at $34,245,000 after purchasing an additional 1,331,600 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Crocs by 87.7% in the second quarter. Millennium Management LLC now owns 1,033,773 shares of the textile maker’s stock worth $18,205,000 after acquiring an additional 483,069 shares during the period. Spark Investment Management LLC acquired a new position in shares of Crocs in the second quarter worth approximately $7,605,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Crocs by 100.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 752,902 shares of the textile maker’s stock worth $14,643,000 after acquiring an additional 376,451 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Crocs by 3.7% in the second quarter. BlackRock Inc. now owns 9,800,291 shares of the textile maker’s stock worth $172,582,000 after acquiring an additional 347,462 shares during the period. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.
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