Rocky Brands (RCKY) to Release Earnings on Tuesday

Rocky Brands (NASDAQ:RCKY) will be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Rocky Brands (NASDAQ:RCKY) last released its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.09. The business had revenue of $125.95 million during the quarter, compared to analysts’ expectations of $128.90 million. Rocky Brands had a return on equity of 6.70% and a net margin of 2.26%. On average, analysts expect Rocky Brands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Rocky Brands Trading Down 0.3 %

NASDAQ:RCKY opened at $26.49 on Friday. The stock has a 50-day simple moving average of $26.86 and a 200-day simple moving average of $25.63. The stock has a market cap of $196.56 million, a P/E ratio of 18.65 and a beta of 1.97. Rocky Brands has a 1 year low of $11.77 and a 1 year high of $32.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.24 and a current ratio of 3.61.

Rocky Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.155 per share. The ex-dividend date was Friday, March 1st. This represents a $0.62 annualized dividend and a dividend yield of 2.34%. Rocky Brands’s dividend payout ratio is currently 43.66%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RCKY shares. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Thursday. B. Riley upped their target price on Rocky Brands from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.