$0.55 EPS Expected for Skechers U.S.A., Inc. (NYSE:SKX) This Quarter

Analysts expect that Skechers U.S.A., Inc. (NYSE:SKXGet Rating) will announce $0.55 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Skechers U.S.A.’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.53. Skechers U.S.A. posted earnings per share of $0.88 in the same quarter last year, which would indicate a negative year over year growth rate of 37.5%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Skechers U.S.A. will report full-year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.79 to $2.95. For the next financial year, analysts expect that the business will post earnings of $3.54 per share, with EPS estimates ranging from $3.20 to $3.85. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Skechers U.S.A..

Skechers U.S.A. (NYSE:SKXGet Rating) last announced its earnings results on Tuesday, April 26th. The textile maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. Skechers U.S.A. had a return on equity of 13.08% and a net margin of 11.80%. During the same quarter in the prior year, the company posted $0.63 EPS.

A number of analysts have recently commented on SKX shares. OTR Global raised Skechers U.S.A. from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 5th. Zacks Investment Research raised Skechers U.S.A. from a “sell” rating to a “hold” rating and set a $46.00 price objective on the stock in a research note on Monday, January 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Skechers U.S.A. from $62.00 to $61.00 in a research note on Monday, April 25th. Wedbush raised Skechers U.S.A. from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $47.00 to $54.00 in a research note on Tuesday, January 4th. Finally, StockNews.com started coverage on Skechers U.S.A. in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Skechers U.S.A. presently has a consensus rating of “Buy” and an average target price of $57.44.

In related news, CEO Robert Greenberg sold 85,083 shares of Skechers U.S.A. stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $43.30, for a total value of $3,684,093.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael Greenberg purchased 28,000 shares of the stock in a transaction dated Monday, March 7th. The shares were acquired at an average price of $35.20 per share, for a total transaction of $985,600.00. The disclosure for this purchase can be found here. Insiders sold a total of 153,501 shares of company stock worth $6,646,593 over the last 90 days. Insiders own 25.92% of the company’s stock.

Several hedge funds have recently modified their holdings of SKX. Fifth Third Bancorp grew its holdings in shares of Skechers U.S.A. by 79.3% during the first quarter. Fifth Third Bancorp now owns 710 shares of the textile maker’s stock valued at $29,000 after buying an additional 314 shares in the last quarter. Covestor Ltd purchased a new position in shares of Skechers U.S.A. during the fourth quarter valued at $31,000. Allworth Financial LP grew its holdings in shares of Skechers U.S.A. by 198.4% during the fourth quarter. Allworth Financial LP now owns 761 shares of the textile maker’s stock valued at $33,000 after buying an additional 506 shares in the last quarter. Cornerstone Advisory LLC purchased a new position in shares of Skechers U.S.A. during the fourth quarter valued at $34,000. Finally, Trust Co. of Vermont purchased a new position in shares of Skechers U.S.A. during the fourth quarter valued at $46,000. Institutional investors and hedge funds own 79.75% of the company’s stock.

Shares of Skechers U.S.A. stock opened at $38.30 on Wednesday. The business’s fifty day moving average price is $40.10 and its two-hundred day moving average price is $43.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.33 and a quick ratio of 1.32. The company has a market capitalization of $5.98 billion, a P/E ratio of 8.10 and a beta of 1.38. Skechers U.S.A. has a 1-year low of $33.50 and a 1-year high of $55.87.

Skechers U.S.A. Company Profile (Get Rating)

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women worldwide. The company operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. It offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; and technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands.

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Earnings History and Estimates for Skechers U.S.A. (NYSE:SKX)

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