Rocky Brands (RCKY) Set to Announce Earnings on Tuesday

Rocky Brands (NASDAQ:RCKY) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Rocky Brands to post earnings of $0.02 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Rocky Brands (NASDAQ:RCKY) last released its earnings results on Wednesday, February 28th. The textile maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.09. The firm had revenue of $125.95 million for the quarter, compared to the consensus estimate of $128.90 million. Rocky Brands had a return on equity of 6.70% and a net margin of 2.26%. On average, analysts expect Rocky Brands to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Rocky Brands Stock Performance

NASDAQ RCKY opened at $26.49 on Friday. The business’s 50 day moving average price is $26.86 and its 200-day moving average price is $25.63. Rocky Brands has a fifty-two week low of $11.77 and a fifty-two week high of $32.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.24 and a current ratio of 3.61. The company has a market cap of $196.56 million, a P/E ratio of 18.65 and a beta of 1.97.

Rocky Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, March 1st. Rocky Brands’s payout ratio is currently 43.66%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RCKY. B. Riley boosted their price objective on Rocky Brands from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a report on Thursday.

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.