Wall Street analysts expect that Crocs, Inc. (NASDAQ:CROX) will announce $0.23 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Crocs’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.22. Crocs posted earnings of $0.15 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 53.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Crocs will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.10. For the next fiscal year, analysts expect that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.16 to $1.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Crocs.
Crocs (NASDAQ:CROX) last announced its quarterly earnings results on Thursday, February 28th. The textile maker reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.12. The firm had revenue of $215.99 million for the quarter, compared to the consensus estimate of $213.40 million. Crocs had a net margin of 4.27% and a return on equity of 27.23%. During the same quarter last year, the firm posted ($0.27) EPS.
A number of analysts have recently issued reports on CROX shares. ValuEngine downgraded shares of Crocs from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Monness Crespi & Hardt raised shares of Crocs from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, February 28th. BidaskClub downgraded shares of Crocs from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. Pivotal Research reaffirmed a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of Crocs in a report on Tuesday, January 15th. Finally, TheStreet downgraded shares of Crocs from a “b-” rating to a “c-” rating in a report on Wednesday, March 20th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Crocs has an average rating of “Buy” and a consensus price target of $25.40.
Shares of NASDAQ CROX traded up $0.09 during trading on Monday, reaching $26.63. 25,814 shares of the company traded hands, compared to its average volume of 1,290,294. The company has a quick ratio of 1.39, a current ratio of 2.06 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.98 billion, a PE ratio of 30.99, a PEG ratio of 1.76 and a beta of 0.64. Crocs has a 52-week low of $14.98 and a 52-week high of $31.88.
In related news, Director Thomas J. Smach sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $26.71, for a total value of $267,100.00. Following the transaction, the director now owns 135,262 shares of the company’s stock, valued at $3,612,848.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of Crocs by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 840,984 shares of the textile maker’s stock worth $17,905,000 after acquiring an additional 6,454 shares in the last quarter. BlackRock Inc. raised its position in shares of Crocs by 3.3% during the third quarter. BlackRock Inc. now owns 10,128,019 shares of the textile maker’s stock valued at $215,624,000 after buying an additional 327,728 shares during the last quarter. United Services Automobile Association raised its position in shares of Crocs by 29.2% during the third quarter. United Services Automobile Association now owns 19,058 shares of the textile maker’s stock valued at $406,000 after buying an additional 4,302 shares during the last quarter. LPL Financial LLC raised its position in shares of Crocs by 36.0% during the third quarter. LPL Financial LLC now owns 14,950 shares of the textile maker’s stock valued at $318,000 after buying an additional 3,955 shares during the last quarter. Finally, BlueMountain Capital Management LLC raised its position in shares of Crocs by 2,588.4% during the third quarter. BlueMountain Capital Management LLC now owns 125,978 shares of the textile maker’s stock valued at $2,682,000 after buying an additional 121,292 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.
Crocs Company Profile
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.
Further Reading: Hedge Funds Explained
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.