Crocs, Inc. (NASDAQ:CROX) Expected to Announce Quarterly Sales of $924.12 Million

Analysts expect Crocs, Inc. (NASDAQ:CROX – Get Rating) to announce sales of $924.12 million for the current quarter, according to Zacks. Four analysts have made estimates for Crocs’ earnings, with the highest sales estimate coming in at $956.88 million and the lowest estimate coming in at $856.80 million. Crocs posted sales of $640.77 million during the same quarter last year, which suggests a positive year over year growth rate of 44.2%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Crocs will report full-year sales of $3.54 billion for the current financial year, with estimates ranging from $3.50 billion to $3.57 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.05 billion, with estimates ranging from $3.82 billion to $4.34 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Crocs.

Crocs (NASDAQ:CROX – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The textile maker reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.49. Crocs had a net margin of 27.85% and a return on equity of 206.72%. The company had revenue of $660.15 million for the quarter, compared to analyst estimates of $621.81 million. During the same period in the prior year, the company posted $1.49 EPS. The firm’s revenue for the quarter was up 43.5% on a year-over-year basis.

CROX has been the topic of a number of analyst reports. Loop Capital cut Crocs from a “buy” rating to a “hold” rating and cut their target price for the company from $150.00 to $80.00 in a research note on Monday, April 4th. Robert W. Baird cut their target price on Crocs from $200.00 to $120.00 in a research note on Thursday, May 12th. StockNews.com cut Crocs from a “buy” rating to a “hold” rating in a research note on Saturday, May 14th. TheStreet cut Crocs from a “b-” rating to a “c+” rating in a research note on Friday, February 4th. Finally, Wedbush assumed coverage on Crocs in a research note on Thursday, April 28th. They set an “outperform” rating and a $90.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $128.10.

Shares of CROX traded up $2.52 during mid-day trading on Thursday, reaching $53.28. 1,904,814 shares of the company’s stock traded hands, compared to its average volume of 1,894,023. The stock has a market cap of $3.28 billion, a P/E ratio of 4.80, a P/E/G ratio of 0.34 and a beta of 1.85. The stock’s 50-day moving average is $68.20 and its two-hundred day moving average is $103.36. Crocs has a 12 month low of $47.33 and a 12 month high of $183.88. The company has a debt-to-equity ratio of 8.17, a current ratio of 1.96 and a quick ratio of 1.19.

In other Crocs news, Director Beth J. Kaplan acquired 1,430 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was purchased at an average price of $69.63 per share, for a total transaction of $99,570.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Douglas J. Treff acquired 9,600 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The shares were acquired at an average price of $77.96 per share, with a total value of $748,416.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 34,842 shares of company stock worth $2,245,303 in the last ninety days. Insiders own 2.42% of the company’s stock.

A number of hedge funds have recently modified their holdings of CROX. FMR LLC raised its stake in Crocs by 54.2% in the 1st quarter. FMR LLC now owns 2,846 shares of the textile maker’s stock worth $73,000 after acquiring an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Crocs by 17.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,844 shares of the textile maker’s stock valued at $265,000 after buying an additional 277 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Crocs by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 2,645 shares of the textile maker’s stock valued at $380,000 after buying an additional 86 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Crocs by 18.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,547 shares of the textile maker’s stock valued at $1,513,000 after buying an additional 1,627 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Crocs by 25.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 5,529 shares of the textile maker’s stock valued at $795,000 after buying an additional 1,115 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Crocs Company Profile (Get Rating)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, slides, flip-flops, boots, flats, wedges, platforms, socks, shoe charms, loafers, sneakers, and slippers under the Crocs brand name.

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