Analysts expect that Crocs, Inc. (NASDAQ:CROX) will report sales of $236.90 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Crocs’ earnings. The highest sales estimate is $237.00 million and the lowest is $236.80 million. Crocs posted sales of $245.89 million during the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The company is scheduled to announce its next earnings results on Wednesday, November 8th.
On average, analysts expect that Crocs will report full year sales of $236.90 million for the current year, with estimates ranging from $1.01 billion to $1.02 billion. For the next year, analysts expect that the firm will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Crocs.
Crocs (NASDAQ:CROX) last announced its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.12. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The firm had revenue of $313.20 million during the quarter, compared to the consensus estimate of $311.33 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis.
A number of research firms have weighed in on CROX. B. Riley restated a “neutral” rating and issued a $8.00 price target on shares of Crocs in a research note on Saturday, May 13th. Piper Jaffray Companies restated a “hold” rating and issued a $9.00 price target on shares of Crocs in a research note on Wednesday, August 9th. ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub upgraded Crocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research upgraded Crocs from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Crocs has an average rating of “Hold” and a consensus price target of $8.60.
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Shares of Crocs (NASDAQ CROX) traded down 2.19% during mid-day trading on Tuesday, reaching $9.37. The company’s stock had a trading volume of 1,200,762 shares. Crocs has a 52-week low of $5.93 and a 52-week high of $9.70. The company’s market cap is $672.40 million. The company has a 50-day moving average price of $8.54 and a 200 day moving average price of $7.26.
Several hedge funds have recently modified their holdings of CROX. Dimensional Fund Advisors LP grew its holdings in shares of Crocs by 36.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,532,024 shares of the textile maker’s stock worth $27,232,000 after purchasing an additional 937,111 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Crocs by 53.1% during the first quarter. Renaissance Technologies LLC now owns 2,127,636 shares of the textile maker’s stock worth $15,042,000 after purchasing an additional 737,636 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Crocs by 6.4% during the second quarter. Vanguard Group Inc. now owns 6,846,368 shares of the textile maker’s stock worth $52,787,000 after purchasing an additional 408,899 shares during the last quarter. Morgan Stanley grew its holdings in shares of Crocs by 37.6% during the first quarter. Morgan Stanley now owns 1,327,853 shares of the textile maker’s stock worth $9,388,000 after purchasing an additional 362,712 shares during the last quarter. Finally, GMT Capital Corp purchased a new position in shares of Crocs during the first quarter worth about $1,510,000. 88.59% of the stock is currently owned by institutional investors.
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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