Cricut (CRCT) to Release Quarterly Earnings on Tuesday

Cricut (NASDAQ:CRCT - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect Cricut to post earnings of $0.08 per share and revenue of $158.55 million for the quarter.

Cricut (NASDAQ:CRCT - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $209.31 million for the quarter, compared to the consensus estimate of $214.41 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. On average, analysts expect Cricut to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cricut Trading Up 3.1 %

Shares of CRCT stock traded up $0.15 during trading hours on Friday, reaching $5.05. 390,950 shares of the company's stock were exchanged, compared to its average volume of 488,215. Cricut has a 1 year low of $3.94 and a 1 year high of $8.40. The stock has a market cap of $1.07 billion, a PE ratio of 18.04 and a beta of -0.02. The stock's fifty day moving average price is $5.04 and its two-hundred day moving average price is $5.54.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRCT. Citigroup restated a "sell" rating and set a $4.00 price target (down previously from $6.00) on shares of Cricut in a research note on Monday, April 14th. Morgan Stanley cut their target price on Cricut from $3.90 to $3.80 and set an "underweight" rating on the stock in a research report on Thursday, March 6th.

Insider Activity at Cricut

In other Cricut news, CEO Arora Ashish sold 21,250 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $5.27, for a total transaction of $111,987.50. Following the sale, the chief executive officer now directly owns 3,672,877 shares of the company's stock, valued at approximately $19,356,061.79. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 227,509 shares of company stock worth $1,273,156 over the last quarter. Insiders own 18.02% of the company's stock.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.