Crocs (CROX) Scheduled to Post Quarterly Earnings on Tuesday

Crocs (NASDAQ:CROX - Get Free Report) 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.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Crocs (NASDAQ:CROX - Get Free Report) last issued its earnings results on Thursday, February 15th. The textile maker reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.20. The firm had revenue of $960.10 million for the quarter, compared to analyst estimates of $958.39 million. Crocs had a return on equity of 61.97% and a net margin of 20.00%. The business's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company 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 Price Performance

Shares of Crocs stock traded down $3.32 on Tuesday, hitting $124.37. 755,218 shares of the company traded hands, compared to its average volume of 1,386,057. The company has a market cap of $7.55 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.58 and a beta of 2.01. Crocs has a 12-month low of $74.00 and a 12-month high of $146.79. The firm's 50-day simple moving average is $128.48 and its 200 day simple moving average is $108.06. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 1.13.

Insiders Place Their Bets

In other Crocs news, Director John B. Replogle purchased 1,972 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $126.75 per share, with a total value of $249,951.00. Following the completion of the acquisition, the director now directly owns 3,153 shares of the company's stock, valued at approximately $399,642.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Michelle Poole sold 4,793 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $119.15, for a total value of $571,085.95. Following the transaction, the president now directly owns 64,912 shares of the company's stock, valued at $7,734,264.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Replogle purchased 1,972 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $126.75 per share, with a total value of $249,951.00. Following the purchase, the director now owns 3,153 shares of the company's stock, valued at $399,642.75. The disclosure for this purchase can be found here. Insiders sold a total of 39,867 shares of company stock valued at $4,786,276 in the last quarter. Insiders own 2.69% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Raymond James boosted their target price on Crocs from $120.00 to $145.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 16th. Barclays began coverage on Crocs in a research note on Monday, April 1st. They set an "overweight" rating and a $167.00 price target on the stock. Bank of America boosted their price target on Crocs from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Williams Trading reissued a "hold" rating and issued a $125.00 price target (down from $135.00) on shares of Crocs in a report on Tuesday, April 16th. Finally, Stifel Nicolaus boosted their price objective on Crocs from $132.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Crocs has an average rating of "Moderate Buy" and an average price target of $141.55.

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.