Brokerages expect Crocs, Inc. (NASDAQ:CROX) to report sales of $201.67 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Crocs’ earnings, with estimates ranging from $200.00 million to $204.90 million. Crocs posted sales of $199.11 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 27th.
On average, analysts expect that Crocs will report full-year sales of $1.08 billion for the current year. For the next financial year, analysts forecast that the company will report sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.13 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Crocs.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, November 8th. The textile maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. The business had revenue of $261.10 million for the quarter, compared to analyst estimates of $246.47 million. Crocs had a net margin of 3.08% and a return on equity of 17.27%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS.
CROX has been the topic of a number of recent analyst reports. TheStreet raised shares of Crocs from a “c+” rating to a “b” rating in a report on Thursday, August 9th. Pivotal Research reissued a “buy” rating and issued a $21.00 price target on shares of Crocs in a report on Tuesday, August 7th. BidaskClub raised shares of Crocs from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Piper Jaffray Companies set a $23.00 price target on shares of Crocs and gave the stock a “buy” rating in a report on Monday, October 22nd. Finally, Zacks Investment Research raised shares of Crocs from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $19.43.
Crocs stock traded down $1.80 during trading hours on Friday, reaching $27.30. The stock had a trading volume of 1,800,282 shares, compared to its average volume of 1,489,317. The firm has a market cap of $1.86 billion, a PE ratio of -1,365.00, a price-to-earnings-growth ratio of 5.60 and a beta of 0.64. Crocs has a 52 week low of $10.53 and a 52 week high of $29.80.
Institutional investors and hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new stake in shares of Crocs during the 2nd quarter valued at about $137,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Crocs during the 3rd quarter valued at about $171,000. Aperio Group LLC bought a new stake in shares of Crocs during the 2nd quarter valued at about $179,000. Amalgamated Bank bought a new stake in shares of Crocs during the 2nd quarter valued at about $195,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Crocs by 133.5% during the 3rd quarter. Pacer Advisors Inc. now owns 9,556 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 5,463 shares in the last quarter.
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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