Rocky Brands (NASDAQ:RCKY - Get Free Report) posted its earnings results on Tuesday. The textile maker reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.21 by ($0.02), Zacks reports. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The company had revenue of $128.05 million during the quarter, compared to the consensus estimate of $125.44 million.
Rocky Brands Stock Performance
NASDAQ RCKY traded up $0.34 during trading hours on Friday, hitting $20.34. 74,413 shares of the company's stock traded hands, compared to its average volume of 38,000. Rocky Brands has a 52 week low of $19.50 and a 52 week high of $40.14. The business's fifty day moving average price is $23.52 and its two-hundred day moving average price is $25.64. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $151.61 million, a P/E ratio of 11.43 and a beta of 2.10.
Rocky Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.155 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.62 annualized dividend and a yield of 3.05%. Rocky Brands's dividend payout ratio (DPR) is 41.06%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Rocky Brands from a "buy" rating to a "hold" rating in a research report on Saturday, February 8th.
Read Our Latest Analysis on Rocky Brands
About Rocky Brands
(
Get Free Report)
Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.
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