Cricut (NASDAQ:CRCT - Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Cricut to post earnings of $0.07 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Cricut had a net margin of 7.01% and a return on equity of 9.59%. The business had revenue of $231.25 million during the quarter, compared to analysts' expectations of $252.67 million. During the same period in the prior year, the business earned $0.05 EPS. The business's quarterly revenue was down 17.6% on a year-over-year basis. On average, analysts expect Cricut to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Cricut Price Performance
Shares of CRCT traded down $0.06 during mid-day trading on Tuesday, reaching $5.32. The company's stock had a trading volume of 401,669 shares, compared to its average volume of 853,965. The company's 50 day moving average is $4.97 and its 200 day moving average is $6.16. Cricut has a 12-month low of $4.43 and a 12-month high of $17.89. The stock has a market cap of $1.15 billion, a PE ratio of 22.42 and a beta of 0.11.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on CRCT shares. Citigroup reduced their price objective on shares of Cricut from $8.50 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, March 6th. Barclays dropped their price objective on Cricut from $6.00 to $4.00 and set an "underweight" rating for the company in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group lowered their price objective on Cricut from $7.00 to $5.75 and set a "neutral" rating for the company in a research report on Wednesday, March 6th.
View Our Latest Analysis on Cricut
Insiders Place Their Bets
In related news, major shareholder Abdiel Capital Management, Llc sold 1,000,000 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $4.83, for a total transaction of $4,830,000.00. Following the sale, the insider now owns 5,273,978 shares of the company's stock, valued at $25,473,313.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 18.02% of the stock is owned by corporate insiders.
About Cricut
(
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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.
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