Crocs (NASDAQ:CROX) released its earnings results on Wednesday. The textile maker reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.04), RTT News reports. The company had revenue of $199.11 million during the quarter, compared to analysts’ expectations of $196.70 million. Crocs had a negative net margin of 0.60% and a negative return on equity of 0.42%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.58) earnings per share.
Shares of Crocs (CROX) opened at $12.24 on Thursday. Crocs has a 52 week low of $5.93 and a 52 week high of $14.95. The firm has a market capitalization of $980.23, a price-to-earnings ratio of -34.97, a price-to-earnings-growth ratio of 3.00 and a beta of 0.47.
A number of research analysts recently issued reports on the company. Pivotal Research reiterated a “hold” rating and issued a $13.00 target price (up from $10.00) on shares of Crocs in a report on Wednesday, January 10th. Stifel Nicolaus upgraded Crocs from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Piper Jaffray Companies upgraded Crocs from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday. Buckingham Research lifted their target price on Crocs from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday. Finally, ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.00.
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Crocs Company Profile
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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