Skechers U.S.A. (NYSE:SKX – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.080-4.180 for the period, compared to the consensus estimate of 4.120. The company issued revenue guidance of $8.9 billion-$9.0 billion, compared to the consensus revenue estimate of $8.9 billion. Skechers U.S.A. also updated its FY24 guidance to $4.08-$4.18 EPS.
Skechers U.S.A. Stock Performance
Skechers U.S.A. stock traded up $1.02 during midday trading on Friday, hitting $64.73. The company’s stock had a trading volume of 4,597,068 shares, compared to its average volume of 1,777,294. Skechers U.S.A. has a 1-year low of $45.58 and a 1-year high of $75.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.39 and a quick ratio of 1.56. The company has a 50-day moving average price of $69.15 and a two-hundred day moving average price of $64.13. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.91 and a beta of 1.25.
Skechers U.S.A. (NYSE:SKX – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). Skechers U.S.A. had a return on equity of 13.56% and a net margin of 7.17%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $0.98 EPS. Skechers U.S.A.’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Skechers U.S.A. will post 4.11 earnings per share for the current year.
Analyst Ratings Changes
View Our Latest Research Report on SKX
Insider Activity at Skechers U.S.A.
In other Skechers U.S.A. news, General Counsel Phillip Paccione sold 423 shares of the business’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 sale, the general counsel now directly owns 35,000 shares of the company’s stock, valued at approximately $2,430,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.75% of the stock is currently owned by insiders.
Skechers U.S.A. Company Profile
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.
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