Crocs (NASDAQ:CROX) Updates Q4 2024 Earnings Guidance

Crocs (NASDAQ:CROX) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.200-2.280 for the period, compared to the consensus earnings per share estimate of 2.720. The company issued revenue guidance of -. Crocs also updated its FY 2024 guidance to 12.820-12.900 EPS.

Crocs Trading Down 16.9 %

Shares of NASDAQ:CROX traded down $23.35 during trading on Tuesday, hitting $114.70. 4,635,821 shares of the company’s stock were exchanged, compared to its average volume of 1,293,577. The firm has a market cap of $6.81 billion, a P/E ratio of 8.53, a PEG ratio of 1.35 and a beta of 1.99. The firm has a 50-day moving average price of $138.15 and a two-hundred day moving average price of $138.75. The company has a current ratio of 1.50, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. Crocs has a 1-year low of $74.00 and a 1-year high of $165.32.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.42. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Crocs had a net margin of 20.02% and a return on equity of 53.20%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.59 earnings per share. Equities analysts predict that Crocs will post 12.88 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James cut shares of Crocs from a “strong-buy” rating to an “outperform” rating and set a $164.00 price objective for the company. in a report on Friday, August 2nd. Barclays cut their price target on shares of Crocs from $169.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Guggenheim started coverage on shares of Crocs in a research note on Wednesday, October 9th. They issued a “buy” rating and a $182.00 price target on the stock. Williams Trading raised shares of Crocs from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $163.00 in a research note on Thursday, August 22nd. Finally, KeyCorp lifted their price target on shares of Crocs from $149.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crocs currently has an average rating of “Moderate Buy” and an average target price of $162.58.

Insiders Place Their Bets

In related news, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director John B. Replogle acquired 1,996 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $123.96 per share, for a total transaction of $247,424.16. Following the completion of the acquisition, the director now directly owns 7,064 shares in the company, valued at approximately $875,653.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Douglas J. Treff sold 10,594 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $132.38, for a total transaction of $1,402,433.72. Following the completion of the transaction, the director now owns 81,254 shares in the company, valued at approximately $10,756,404.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.72% of the company’s stock.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.