Rocky Brands (RCKY) Expected to Announce Earnings on Tuesday

Rocky Brands (NASDAQ:RCKY) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.21 per share and revenue of $125.44 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Rocky Brands Trading Down 3.3 %

Shares of RCKY stock opened at $23.09 on Monday. Rocky Brands has a fifty-two week low of $19.65 and a fifty-two week high of $40.14. The stock has a market cap of $172.02 million, a P/E ratio of 12.97 and a beta of 2.10. The business has a fifty day simple moving average of $23.66 and a 200-day simple moving average of $25.84. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62.

Rocky Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, March 3rd. Rocky Brands’s dividend payout ratio is currently 34.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 8th. Robert W. Baird lowered their price target on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, October 31st.

Rocky Brands Company Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.