Skechers USA (SKX) to Release Quarterly Earnings on Thursday
Skechers USA (NYSE:SKX) will issue its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Skechers USA has set its Q1 2019 guidance at $0.70-0.75 EPS and its Q1 guidance at $0.70-0.75 EPS.
Skechers USA (NYSE:SKX) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Skechers USA had a return on equity of 14.08% and a net margin of 6.49%. Skechers USA’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, analysts expect Skechers USA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of SKX stock opened at $34.84 on Tuesday. The firm has a market cap of $5.44 billion, a P/E ratio of 18.15, a PEG ratio of 2.40 and a beta of 0.62. Skechers USA has a twelve month low of $21.45 and a twelve month high of $43.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.89 and a current ratio of 2.91.
SKX has been the topic of a number of research reports. Cfra lowered Skechers USA from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Stifel Nicolaus initiated coverage on Skechers USA in a research report on Monday, December 17th. They set a “buy” rating and a $32.00 price objective on the stock. UBS Group boosted their price objective on Skechers USA from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. Wells Fargo & Co reduced their price target on Skechers USA from $30.00 to $26.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 2nd. Finally, ValuEngine lowered Skechers USA from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.33.
About Skechers USA
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.
Featured Article: Current Ratio
Receive News & Ratings for Skechers USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers USA and related companies with MarketBeat.com's FREE daily email newsletter.