Skechers USA (NYSE:SKX) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.70-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.66. The company issued revenue guidance of $1.28-1.30 billion, compared to the consensus revenue estimate of $1.33 billion.Skechers USA also updated its Q1 2019 guidance to $0.70-0.75 EPS.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Skechers USA from a buy rating to a hold rating in a research report on Monday, December 10th. Monness Crespi & Hardt restated a buy rating and set a $35.00 target price (up previously from $32.00) on shares of Skechers USA in a research report on Friday. Finally, Morgan Stanley set a $29.00 target price on Skechers USA and gave the company a hold rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Skechers USA currently has a consensus rating of Hold and a consensus target price of $31.95.
Shares of Skechers USA stock traded up $4.21 on Friday, hitting $31.91. 14,298,954 shares of the company traded hands, compared to its average volume of 3,146,286. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 3.43. Skechers USA has a 52 week low of $21.45 and a 52 week high of $43.08. The company has a market capitalization of $4.38 billion, a PE ratio of 16.62, a P/E/G ratio of 2.06 and a beta of 0.62.
Skechers USA (NYSE:SKX) last posted its quarterly earnings results on Thursday, February 7th. The textile maker reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.08. Skechers USA had a net margin of 6.49% and a return on equity of 14.19%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. On average, analysts forecast that Skechers USA will post 1.92 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Macon Daily and is the sole property of of Macon Daily. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://macondaily.com/2019/02/09/skechers-usa-skx-updates-q1-earnings-guidance.html.
About Skechers USA
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 GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.
Receive News & Ratings for Skechers USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers USA and related companies with MarketBeat.com's FREE daily email newsletter.