Birkenstock (BIRK) Projected to Post Earnings on Thursday

Birkenstock (NYSE:BIRK) is expected to be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect Birkenstock to post earnings of $0.16 per share and revenue of $356.18 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Birkenstock Stock Up 1.6 %

Shares of NYSE BIRK opened at $56.12 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.60 and a quick ratio of 1.20. Birkenstock has a 1 year low of $41.00 and a 1 year high of $64.78. The stock has a market capitalization of $10.54 billion, a P/E ratio of 51.96, a P/E/G ratio of 1.13 and a beta of 1.61. The company has a 50-day moving average price of $57.43 and a 200-day moving average price of $53.35.

Analyst Upgrades and Downgrades

BIRK has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Piper Sandler assumed coverage on Birkenstock in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price target for the company. HSBC raised shares of Birkenstock from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. BTIG Research increased their target price on shares of Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Hsbc Global Res raised shares of Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Birkenstock currently has an average rating of “Moderate Buy” and a consensus target price of $68.31.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.