Rocky Brands (RCKY) Scheduled to Post Earnings on Tuesday

Rocky Brands (NASDAQ:RCKY) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.09. The business had revenue of $125.95 million for the quarter, compared to the consensus estimate of $128.90 million. Rocky Brands had a net margin of 2.26% and a return on equity of 6.70%. On average, analysts expect Rocky Brands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Rocky Brands Trading Down 0.2 %

NASDAQ:RCKY traded down $0.06 during trading hours on Wednesday, reaching $26.50. 2,622 shares of the company were exchanged, compared to its average volume of 27,481. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.61 and a quick ratio of 1.24. The firm has a market cap of $196.63 million, a price-to-earnings ratio of 18.66 and a beta of 1.97. Rocky Brands has a 52-week low of $11.77 and a 52-week high of $32.38. The stock has a 50 day simple moving average of $27.03 and a 200 day simple moving average of $25.43.

Rocky Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Friday, March 1st. Rocky Brands’s dividend payout ratio is currently 43.66%.

Wall Street Analysts Forecast Growth

RCKY has been the subject of several recent research reports. StockNews.com raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. B. Riley raised their price target on shares of Rocky Brands from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.