Columbia Sportswear (COLM) to Release Earnings on Tuesday

Columbia Sportswear (NASDAQ:COLM) is projected to release its earnings data after the market closes on Tuesday, February 4th. Analysts expect Columbia Sportswear to post earnings of $1.86 per share and revenue of $1.07 billion for the quarter. Columbia Sportswear has set its FY24 guidance at $3.70-$4.05 EPS and its FY 2024 guidance at 3.700-4.050 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Columbia Sportswear (NASDAQ:COLM) last released its quarterly earnings results on Wednesday, October 30th. The textile maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. Columbia Sportswear had a net margin of 6.42% and a return on equity of 12.48%. The firm had revenue of $931.80 million for the quarter, compared to the consensus estimate of $937.17 million. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. On average, analysts expect Columbia Sportswear to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Columbia Sportswear Price Performance

Columbia Sportswear stock traded up $0.35 during midday trading on Tuesday, hitting $89.93. 209,404 shares of the stock were exchanged, compared to its average volume of 364,753. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $91.30. The firm has a market cap of $5.14 billion, a P/E ratio of 24.84, a P/E/G ratio of 3.36 and a beta of 0.93. The company has a 50 day moving average price of $86.06 and a two-hundred day moving average price of $82.68.

Wall Street Analysts Forecast Growth

COLM has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Columbia Sportswear from $70.00 to $84.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. StockNews.com raised shares of Columbia Sportswear from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $80.75.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.