Skechers U.S.A. (NYSE:SKX) is scheduled to be releasing its earnings data after the market closes on Thursday, April 22nd. Analysts expect Skechers U.S.A. to post earnings of $0.49 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Skechers U.S.A. (NYSE:SKX) last announced its quarterly earnings results on Thursday, February 4th. The textile maker reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.06). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Skechers U.S.A. had a net margin of 2.28% and a return on equity of 5.25%. On average, analysts expect Skechers U.S.A. to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:SKX opened at $43.98 on Tuesday. The company has a current ratio of 2.69, a quick ratio of 1.85 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $41.05 and a 200-day moving average price of $36.48. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 64.68 and a beta of 1.26. Skechers U.S.A. has a 12 month low of $22.61 and a 12 month high of $45.42.
Several equities analysts have recently issued reports on SKX shares. Deutsche Bank Aktiengesellschaft boosted their target price on Skechers U.S.A. from $41.00 to $49.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley lifted their target price on shares of Skechers U.S.A. from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 26th. B. Riley lifted their price objective on Skechers U.S.A. from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, January 15th. Monness Crespi & Hardt lowered Skechers U.S.A. from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Zacks Investment Research lowered Skechers U.S.A. from a “hold” rating to a “sell” rating and set a $38.00 price target on the stock. in a research report on Tuesday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.63.
Skechers U.S.A. Company Profile
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers brand worldwide. It operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. The company offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands; sneakers, casuals, boots, and sandals for boys and girls; men's and women's slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids.
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