World news – Crocs, Inc. (NASDAQ: CROX) is expected to have revenue of $ 414.52 million this quarter


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Wall Street brokers expect Crocs, Inc. (NASDAQ: CROX) to be available for the current fiscal quarter, according to Zacks will generate sales of $ 414.52 million. Five analysts have published estimates of Crocs’ earnings. The lowest revenue estimate is $ 410.00 million and the highest is $ 421.80 million. Crocs posted sales of $ 281.16 million for the same quarter last year, representing a positive growth rate of 47.4% year over year. The company is expected to announce its next quarterly results on Thursday, April 22nd.

On average, analysts expect Crocs to post total annual sales of $ 1.72 billion for the current year, with estimates between $ 1.71 and $ 1.76 billion. For the next fiscal year, analysts forecast sales of 1.84 billion US dollars, with estimates ranging between 1.76 and 1.92 billion US dollars. Zacks’ average revenue is based on a survey of research analysts covering Crocs.

Crocs (NASDAQ: CROX) last released its results on Monday, February 22nd. The textile maker reported earnings per share of $ 1.06 for the quarter, beating the consensus estimate of $ 0.79 by $ 0.27. Crocs had a net margin of 12.08% and a return on equity of 102.93%. The company posted revenue of $ 411.50 million for the quarter, compared to the consensus estimate of $ 408.71 million. For the same period last year, the company posted earnings of $ 0.12 per share. The company’s quarterly revenue increased 56.5% year over year.

CROX has been the subject of several analyst reports. OTR Global initiated coverage of Crocs stocks in a research note on Thursday, January 7th. They gave the stock a « positive » rating. Pivotal Research raised its target price on Crocs stock from $ 92.00 to $ 100.00 and rated the company as a « Buy » in a report on Thursday, February 25th. Monness Crespi & Hardt raised its target price on Crocs stock from $ 60.00 to $ 91.00 and rated the company as a « Buy » in a report on Wednesday, January 13th. B. Riley reiterated his buy recommendation and announced in a report on Wednesday, February 24th, a price target of USD 93.00 (previously USD 87.00) on Crocs shares. Finally, UBS Group raised its target price on Crocs shares from USD 75.00 to USD 85.00 and gave the company a « neutral » rating in a report on Wednesday, February 17th. They discovered that the move was a rating call. Three equity analysts have rated the stock with a hold rating, eight with a buy rating and one with a strong buy rating. Crocs has an average Buy rating and a consensus target of $ 78.70 (adsbygoogle = window.adsbygoogle || []). Push ({});

NASDAQ CROX shares opened at $ 80.53 on Tuesday. The company has a quick rate of 1.07, a current rate of 1.70, and a leverage ratio of 0.59. Crocs has a 52-week low of $ 8.40 and a 52-week high of $ 84.09. The company’s 50-day moving average is $ 76.43 and the 200-day moving average is $ 58.43. The company has a market cap of $ 5.27 billion, a value for money of 36.77, a PEG ratio of 1.35, and a beta of 1.77.

In other news, CEO Andrew Rees sold 5,100 shares in the company in a transaction on Thursday, January 7th. The shares were sold at an average price of $ 70.12 for a total transaction of $ 357,612.00. Following the sale, the chief executive officer now owns 849,848 shares in the company valued at approximately $ 59,591,341.76. The sale was disclosed in a document filed with the SEC, which can be accessed via this link. In the past 90 days, insiders have sold 80,000 shares in the company, valued at $ 6,087,902. Company insiders own 2.32% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold CROX shares. Samlyn Capital LLC took a new position in Crocs stock valued at approximately $ 66,841,000 during the third quarter. BlackRock Inc. added 10.9% to its position in Crocs stocks in the fourth quarter. BlackRock Inc. now owns 10,862,273 shares in the textile maker valued at $ 680,630,000 after purchasing an additional 1,067,955 shares last quarter. Lord Abbett & CO. LLC took a new position in Crocs stock valued at approximately $ 44,824,000 during the 3rd quarter. Morgan Stanley added 270.8% to its position in Crocs stocks in the fourth quarter. Morgan Stanley now owns 797,854 shares in the textile maker valued at $ 49,993,000 after buying an additional 582,682 shares last quarter. Eventually, the Canada Pension Plan Investment Board acquired a new position in Crocs stock valued at approximately $ 34,119,000 in the fourth quarter. 95.34% of the shares are owned by hedge funds and other institutional investors.

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets and sells casual shoes and accessories for men, women and children worldwide. It offers a variety of footwear products including clogs, sandals, flips and slides, shoes and boots under the Crocs brand.

This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

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Biden will be under pressure to support the $ 1.5 trillion infrastructure package that the Democratic-controlled House of Representatives passed in July. However, the package may need some adjustment as it currently contains climate change initiatives that have prevented the Senate bill from advancing.

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