Skechers U.S.A. (NYSE:SKX – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $4.08-$4.18 for the period, compared to the consensus EPS estimate of $4.12. The company issued revenue guidance of $8.875-$8.975 billion, compared to the consensus revenue estimate of $8.89 billion. Skechers U.S.A. also updated its Q3 guidance to $1.10-$1.15 EPS.
Skechers U.S.A. Trading Down 0.5 %
SKX traded down $0.31 during mid-day trading on Thursday, reaching $63.71. The stock had a trading volume of 3,326,826 shares, compared to its average volume of 1,755,111. The stock has a market capitalization of $9.72 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.56 and a current ratio of 2.39. The firm’s fifty day simple moving average is $69.31 and its two-hundred day simple moving average is $64.12. Skechers U.S.A. has a 52 week low of $45.58 and a 52 week high of $75.09.
Skechers U.S.A. (NYSE:SKX – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The textile maker reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.20 billion. Skechers U.S.A. had a return on equity of 13.56% and a net margin of 7.17%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. On average, equities analysts predict that Skechers U.S.A. will post 4.11 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Skechers U.S.A.
Insiders Place Their Bets
In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 423 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $69.45, for a total transaction of $29,377.35. Following the completion of the sale, the general counsel now directly owns 35,000 shares in the company, valued at $2,430,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 24.75% of the company’s stock.
About Skechers U.S.A.
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.
Further Reading
- Five stocks we like better than Skechers U.S.A.
- What Are Growth Stocks and Investing in Them
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How to Use Stock Screeners to Find Stocks
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Skechers U.S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers U.S.A. and related companies with MarketBeat.com's FREE daily email newsletter.