Birkenstock (BIRK) Expected to Announce Quarterly Earnings on Thursday

Birkenstock (NYSE:BIRK - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Birkenstock to post earnings of $0.16 per share and revenue of $356.42 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Birkenstock Stock Performance

Shares of BIRK traded down $1.75 on Monday, reaching $55.17. 1,140,525 shares of the stock traded hands, compared to its average volume of 1,405,292. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 51.09, a P/E/G ratio of 1.13 and a beta of 1.61. 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 12 month low of $41.00 and a 12 month high of $64.78. The stock's 50-day moving average price is $57.55 and its 200-day moving average price is $53.27.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BIRK. BTIG Research boosted their price objective on Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. HSBC raised Birkenstock from a "hold" rating to a "buy" rating and boosted their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday. Piper Sandler began coverage on Birkenstock in a research note on Tuesday, December 10th. They issued an "overweight" rating and a $65.00 price objective on the stock. Finally, BMO Capital Markets boosted their price objective on Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.