Crocs (NASDAQ:CROX) Issues Quarterly Earnings Results

Crocs (NASDAQ:CROX) announced its earnings results on Thursday. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25, Zacks reports. Crocs had a net margin of 20.50% and a return on equity of 49.70%. Crocs updated its FY 2025 guidance to 12.700-13.150 EPS and its Q1 2025 guidance to 2.380-2.520 EPS.

Crocs Stock Up 21.4 %

NASDAQ CROX traded up $19.01 during trading on Thursday, hitting $107.84. 4,702,643 shares of the company traded hands, compared to its average volume of 1,551,088. Crocs has a 12 month low of $88.25 and a 12 month high of $165.32. The business has a fifty day simple moving average of $105.75 and a 200 day simple moving average of $119.68. The company has a market capitalization of $6.28 billion, a P/E ratio of 7.80, a PEG ratio of 1.67 and a beta of 1.93. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CROX shares. Loop Capital lowered Crocs from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $110.00 in a research report on Thursday, November 7th. Monness Crespi & Hardt dropped their target price on Crocs from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Guggenheim decreased their price target on shares of Crocs from $155.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Barclays lowered their price objective on shares of Crocs from $164.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.33.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.