Crocs (NASDAQ:CROX) is scheduled to be announcing its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Crocs has set its Q2 2019 guidance at EPS and its FY 2019 guidance at EPS.

Crocs (NASDAQ:CROX) last released its earnings results on Tuesday, May 7th. The textile maker reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.11. The firm had revenue of $295.95 million during the quarter, compared to analysts’ expectations of $288.72 million. Crocs had a return on equity of 35.81% and a net margin of 4.97%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share. On average, analysts expect Crocs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ:CROX traded down $0.06 during trading on Tuesday, hitting $23.23. 469,983 shares of the company were exchanged, compared to its average volume of 1,493,337. The stock has a 50 day simple moving average of $20.67. The firm has a market cap of $1.70 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.27 and a beta of 0.93. The company has a quick ratio of 1.32, a current ratio of 1.95 and a debt-to-equity ratio of 2.77. Crocs has a 1-year low of $16.26 and a 1-year high of $31.88.

Crocs announced that its Board of Directors has authorized a share buyback program on Tuesday, May 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the textile maker to purchase up to 25.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

CROX has been the subject of several analyst reports. Robert W. Baird decreased their price objective on shares of Micron Technology from $32.00 to $28.00 and set an “underperform” rating for the company in a research note on Friday, June 21st. ValuEngine lowered shares of Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Piper Jaffray Companies set a $173.00 price target on shares of DexCom and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, CL King upgraded shares of Crocs from a “neutral” rating to a “buy” rating in a research note on Thursday, June 27th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $29.47.

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.

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Earnings History for Crocs (NASDAQ:CROX)

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