Columbia Sportswear (COLM) Updates FY18 Earnings Guidance
Columbia Sportswear (NASDAQ:COLM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.17-3.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.14. The company issued revenue guidance of +5.5-7.5% to $2.60-2.65 billion, compared to the consensus revenue estimate of $2.58 billion.
Columbia Sportswear (NASDAQ COLM) traded down $2.03 during trading on Thursday, reaching $73.30. The company’s stock had a trading volume of 325,584 shares, compared to its average volume of 214,980. The stock has a market capitalization of $5,260.00, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.45 and a beta of 0.95. Columbia Sportswear has a one year low of $51.56 and a one year high of $78.26.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.22 per share. This is an increase from Columbia Sportswear’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 1.20%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 27.24%.
In other Columbia Sportswear news, Director Walter Klenz sold 11,608 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $66.05, for a total transaction of $766,708.40. Following the completion of the sale, the director now owns 21,619 shares of the company’s stock, valued at $1,427,934.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 58.86% of the stock is owned by insiders.
About Columbia Sportswear
Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. Its geographic segments are the United States, Latin America and Asia Pacific (LAAP), Europe, Middle East and Africa (EMEA), and Canada.
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