Crocs (CROX) Scheduled to Post Quarterly Earnings on Tuesday

Crocs (NASDAQ:CROX) is scheduled to be announcing its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $2.23 per share for the quarter. Crocs has set its Q1 guidance at $2.15-2.25 EPS and its FY24 guidance at $12.05-12.50 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million for the quarter, compared to the consensus estimate of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 earnings per share. On average, analysts expect Crocs to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Crocs Stock Performance

NASDAQ:CROX opened at $124.28 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.54 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.60 and a beta of 2.03. Crocs has a fifty-two week low of $74.00 and a fifty-two week high of $146.79. The firm’s 50 day moving average is $129.12 and its two-hundred day moving average is $108.85.

Insider Buying and Selling

In other Crocs news, President Michelle Poole sold 4,793 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now directly owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Crocs news, President Michelle Poole sold 4,793 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.15, for a total transaction of $571,085.95. Following the completion of the transaction, the president now directly owns 64,912 shares of the company’s stock, valued at approximately $7,734,264.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ian Bickley sold 16,785 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now directly owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The disclosure for this sale can be found here. Insiders have sold 39,867 shares of company stock valued at $4,786,276 in the last quarter. Company insiders own 2.69% of the company’s stock.

Wall Street Analyst Weigh In

CROX has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Wedbush reissued an “outperform” rating and issued a $154.00 target price on shares of Crocs in a research note on Friday. OTR Global raised shares of Crocs from a “mixed” rating to a “positive” rating in a research note on Thursday, April 11th. Williams Trading reissued a “hold” rating and issued a $125.00 target price (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. Finally, Piper Sandler raised their target price on shares of Crocs from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.64.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.