Skechers USA (NYSE:SKX) updated its first quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.70-0.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.69. The company issued revenue guidance of $1.275-1.3 billion, compared to the consensus revenue estimate of $1.35 billion.Skechers USA also updated its Q1 guidance to $0.70-0.75 EPS.
A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Skechers USA from a buy rating to a hold rating in a research note on Monday, December 10th. Monness Crespi & Hardt increased their price objective on Skechers USA from $32.00 to $35.00 and gave the stock a buy rating in a research note on Friday. Finally, Morgan Stanley set a $29.00 price objective on Skechers USA and gave the stock a hold rating in a research note on Friday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Skechers USA currently has an average rating of Hold and a consensus price target of $31.95.
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Shares of Skechers USA stock traded up $4.21 on Friday, hitting $31.91. The company had a trading volume of 14,297,849 shares, compared to its average volume of 3,421,607. The company has a market cap of $4.37 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.06 and a beta of 0.62. Skechers USA has a 1 year low of $21.45 and a 1 year high of $43.08. The company has a quick ratio of 2.29, a current ratio of 3.43 and a debt-to-equity ratio of 0.03.
Skechers USA (NYSE:SKX) last issued its quarterly earnings data on Thursday, February 7th. The textile maker reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Skechers USA had a return on equity of 13.81% and a net margin of 4.13%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, research analysts anticipate that Skechers USA will post 1.85 EPS for the current year.
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Skechers USA 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 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.
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