Equities analysts expect Crocs, Inc. (NASDAQ:CROX) to report earnings per share of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Crocs’ earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Crocs posted earnings of $0.13 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.4%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, August 2nd.
On average, analysts expect that Crocs will report full-year earnings of ($0.03) per share for the current financial year, with EPS estimates ranging from ($0.08) to $0.01. For the next year, analysts anticipate that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.18 to $0.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Crocs.
Crocs (NASDAQ:CROX) last posted its earnings results on Wednesday, May 10th. The textile maker reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The firm had revenue of $267.90 million for the quarter, compared to analyst estimates of $258.10 million. Crocs had a negative return on equity of 4.89% and a negative net margin of 1.52%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share.
Several equities analysts recently weighed in on CROX shares. TheStreet raised shares of Crocs from a “d” rating to a “c-” rating in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “hold” rating and set a $8.00 target price (up previously from $7.00) on shares of Crocs in a research report on Saturday, July 22nd. Piper Jaffray Companies reissued a “hold” rating and set a $7.00 target price on shares of Crocs in a research report on Friday, July 14th. BidaskClub lowered shares of Crocs from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, B. Riley restated a “neutral” rating and set a $8.00 price target on shares of Crocs in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.20.
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Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Crocs by 4.1% in the first quarter. Vanguard Group Inc. now owns 6,437,469 shares of the textile maker’s stock valued at $45,513,000 after buying an additional 253,305 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Crocs by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,594,913 shares of the textile maker’s stock worth $18,346,000 after buying an additional 220,190 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Crocs by 53.1% in the first quarter. Renaissance Technologies LLC now owns 2,127,636 shares of the textile maker’s stock worth $15,042,000 after buying an additional 737,636 shares during the period. State Street Corp boosted its stake in shares of Crocs by 7.3% in the fourth quarter. State Street Corp now owns 1,622,735 shares of the textile maker’s stock worth $11,131,000 after buying an additional 109,721 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Crocs by 4.5% in the first quarter. Neuberger Berman Group LLC now owns 1,525,010 shares of the textile maker’s stock worth $10,782,000 after buying an additional 65,468 shares during the period. Hedge funds and other institutional investors own 90.90% of the company’s stock.
Shares of Crocs (NASDAQ CROX) opened at 7.95 on Friday. The company’s market capitalization is $588.97 million. Crocs has a one year low of $5.93 and a one year high of $11.54. The stock has a 50 day moving average price of $7.56 and a 200-day moving average price of $6.93.
Crocs Company Profile
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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