Skullcandy Inc (SKUL) Releases FY12 Earnings Guidance
Skullcandy Inc (SKUL) updated its FY12 earnings guidance on Thursday. The company provided EPS guidance of $1.00-1.04 for the period.
A number of analysts have recently weighed in on SKUL shares. Analysts at Raymond James downgraded shares of Skullcandy from a strong-buy rating to a market perform rating in a research note to investors on Thursday, October 18th. On a related note, analysts at Morgan Stanley downgraded shares of Skullcandy from an overweight rating to an equal weight rating in a research note to investors on Thursday, September 13th. Finally, analysts at Craig Hallum reiterated a buy rating on shares of Skullcandy in a research note to investors on Wednesday, August 29th. They now have a $24.00 price target on the stock.
Shares of Skullcandy Inc (SKUL) traded down 3.22% during mid-day trading on Thursday, hitting $11.71. Skullcandy Inc (SKUL) has a 52 week low of $11.79 and a 52 week high of $19.75. The company has a market cap of $320.7 million and a P/E ratio of 15.86.
Skullcandy last announced its earnings results on Thursday, November 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts predict that Skullcandy Inc (SKUL) will post $1.15 earnings per share for the current fiscal year.
Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.
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