Analysts forecast that Rocky Brands, Inc. (NASDAQ:RCKY) will report $0.59 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Rocky Brands’ earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.62. Rocky Brands posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 118.5%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 27th.
On average, analysts expect that Rocky Brands will report full year earnings of $3.89 per share for the current year, with EPS estimates ranging from $3.25 to $4.53. For the next fiscal year, analysts forecast that the firm will post earnings of $4.10 per share, with EPS estimates ranging from $3.50 to $4.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Rocky Brands.
Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Tuesday, February 23rd. The textile maker reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.59. Rocky Brands had a return on equity of 10.75% and a net margin of 6.16%. The company had revenue of $87.62 million for the quarter, compared to analyst estimates of $80.10 million.
A number of equities research analysts recently commented on RCKY shares. B. Riley increased their price target on Rocky Brands from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded Rocky Brands from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a report on Tuesday, March 2nd.
Shares of RCKY stock traded up $2.24 during trading hours on Friday, hitting $60.25. The company had a trading volume of 117 shares, compared to its average volume of 62,474. The firm has a market capitalization of $436.87 million, a price-to-earnings ratio of 26.25 and a beta of 0.61. Rocky Brands has a 12 month low of $16.57 and a 12 month high of $61.45. The firm’s fifty day moving average is $51.90 and its 200 day moving average is $36.21.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 16th. Shareholders of record on Tuesday, March 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, March 1st. Rocky Brands’s dividend payout ratio (DPR) is presently 24.67%.
Several large investors have recently modified their holdings of RCKY. Citigroup Inc. boosted its stake in shares of Rocky Brands by 297.3% in the fourth quarter. Citigroup Inc. now owns 1,311 shares of the textile maker’s stock valued at $37,000 after buying an additional 981 shares during the period. Bailard Inc. acquired a new position in Rocky Brands during the fourth quarter valued at approximately $205,000. State Board of Administration of Florida Retirement System acquired a new position in Rocky Brands during the fourth quarter valued at approximately $228,000. Nkcfo LLC acquired a new position in shares of Rocky Brands during the fourth quarter worth $267,000. Finally, Rhumbline Advisers increased its holdings in shares of Rocky Brands by 14.1% during the fourth quarter. Rhumbline Advisers now owns 11,610 shares of the textile maker’s stock worth $326,000 after buying an additional 1,435 shares in the last quarter. Institutional investors own 67.80% of the company’s stock.
Rocky Brands Company Profile
Rocky Brands, Inc engages in the design, manufacture, and marketing of footwear and apparel. Its brand includes Rocky, Georgia Boot, Durango, Lehigh, and Michelin. It operates through the following segments: Wholesale, Retail, and Military. The Wholesale segment distributes products through retail stores.
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