Zacks: Analysts Expect Crocs, Inc. (NASDAQ:CROX) to Post $0.41 EPS

Analysts predict that Crocs, Inc. (NASDAQ:CROX) will report earnings per share of $0.41 for the current quarter, Zacks reports. Three analysts have made estimates for Crocs’ earnings. The highest EPS estimate is $0.42 and the lowest is $0.40. Crocs posted earnings of $0.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 485.7%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, October 30th.

On average, analysts expect that Crocs will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.42 to $1.45. For the next fiscal year, analysts forecast that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.43 to $1.72. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Crocs.

Crocs (NASDAQ:CROX) last released its quarterly earnings data on Thursday, August 1st. The textile maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. Crocs had a net margin of 5.61% and a return on equity of 47.15%. The firm had revenue of $358.90 million during the quarter, compared to analysts’ expectations of $360.46 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis.

Several research analysts have recently weighed in on CROX shares. Susquehanna Bancshares boosted their price objective on shares of Crocs from $35.00 to $38.00 and gave the company a “positive” rating in a report on Friday, August 2nd. Piper Jaffray Companies boosted their price objective on shares of Crocs from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Pivotal Research reissued a “buy” rating on shares of Crocs in a report on Friday, August 2nd. BidaskClub raised shares of Crocs from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Zacks Investment Research boosted their price objective on shares of Crocs to $32.00 in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Crocs has a consensus rating of “Buy” and an average price target of $31.86.

Shares of CROX traded up $0.05 during mid-day trading on Tuesday, hitting $32.79. 1,465,124 shares of the company traded hands, compared to its average volume of 1,187,885. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.22 and a current ratio of 1.74. The stock has a 50-day moving average price of $27.59 and a two-hundred day moving average price of $24.22. Crocs has a 1 year low of $17.52 and a 1 year high of $32.90. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 38.13 and a beta of 0.96.

In other Crocs news, Director Doreen A. Wright sold 7,068 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.00, for a total transaction of $183,768.00. Following the completion of the sale, the director now directly owns 55,680 shares of the company’s stock, valued at $1,447,680. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.42% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Copper Rock Capital Partners LLC bought a new position in shares of Crocs in the third quarter worth approximately $17,188,000. Morgan Stanley boosted its position in shares of Crocs by 911.1% in the second quarter. Morgan Stanley now owns 612,905 shares of the textile maker’s stock worth $12,105,000 after purchasing an additional 552,290 shares during the period. Renaissance Technologies LLC boosted its position in shares of Crocs by 15.4% in the second quarter. Renaissance Technologies LLC now owns 3,855,300 shares of the textile maker’s stock worth $76,142,000 after purchasing an additional 513,900 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Crocs in the second quarter worth approximately $7,426,000. Finally, Wells Fargo & Company MN boosted its position in shares of Crocs by 114.8% in the second quarter. Wells Fargo & Company MN now owns 681,739 shares of the textile maker’s stock worth $13,464,000 after purchasing an additional 364,308 shares during the period.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name.

Featured Story: Risk Tolerance

Get a free copy of the Zacks research report on Crocs (CROX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Crocs (NASDAQ:CROX)

Receive News & Ratings for Crocs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crocs and related companies with MarketBeat.com's FREE daily email newsletter.