Cricut (CRCT) Scheduled to Post Quarterly Earnings on Tuesday

Cricut (NASDAQ:CRCT - Get Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Cricut to post earnings of $0.07 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Cricut (NASDAQ:CRCT - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. The business had revenue of $167.95 million for the quarter, compared to the consensus estimate of $175.68 million. Cricut had a net margin of 9.16% and a return on equity of 13.18%. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, analysts expect Cricut to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cricut Price Performance

Shares of CRCT traded up $0.03 during trading hours on Tuesday, hitting $6.82. The company's stock had a trading volume of 174,682 shares, compared to its average volume of 708,034. The business has a 50 day simple moving average of $6.26 and a two-hundred day simple moving average of $6.14. Cricut has a 52-week low of $4.43 and a 52-week high of $8.70. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 23.41 and a beta of 0.12.

Insider Activity at Cricut

In other Cricut news, EVP Donald B. Olsen sold 40,000 shares of Cricut stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $5.74, for a total transaction of $229,600.00. Following the completion of the transaction, the executive vice president now owns 655,833 shares of the company's stock, valued at $3,764,481.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Donald B. Olsen sold 40,000 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.74, for a total value of $229,600.00. Following the transaction, the executive vice president now owns 655,833 shares of the company's stock, valued at approximately $3,764,481.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Arora Ashish sold 53,301 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $5.79, for a total value of $308,612.79. Following the completion of the sale, the chief executive officer now owns 2,637,243 shares in the company, valued at $15,269,636.97. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 267,112 shares of company stock worth $1,599,515. Corporate insiders own 18.02% of the company's stock.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.