Birkenstock (NYSE:BIRK) Announces Quarterly Earnings Results

Birkenstock (NYSE:BIRK) posted its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03, Zacks reports. The business had revenue of $385.88 million for the quarter, compared to analysts’ expectations of $355.80 million. Birkenstock had a net margin of 10.57% and a return on equity of 8.82%.

Birkenstock Stock Down 1.2 %

NYSE:BIRK opened at $54.06 on Friday. 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 company has a 50-day moving average of $57.60 and a 200 day moving average of $53.26. The firm has a market cap of $10.15 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BIRK. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. BMO Capital Markets boosted their target price on Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Robert W. Baird boosted their price objective on Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Piper Sandler initiated coverage on Birkenstock in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price objective on the stock. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.31.

Birkenstock Company Profile

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.