Rocky Brands (RCKY) Projected to Post Earnings on Tuesday

Rocky Brands (NASDAQ:RCKY - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.21 per share and revenue of $125.44 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Rocky Brands Stock Performance

Shares of RCKY stock traded down $0.79 during mid-day trading on Friday, reaching $23.09. The stock had a trading volume of 36,848 shares, compared to its average volume of 36,484. Rocky Brands has a 1-year low of $19.65 and a 1-year high of $40.14. 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 cap of $172.02 million, a price-to-earnings ratio of 12.97 and a beta of 2.10. The business's fifty day moving average is $23.68 and its 200-day moving average is $25.90.

Rocky Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.155 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.69%. Rocky Brands's payout ratio is 34.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com downgraded Rocky Brands from a "buy" rating to a "hold" rating in a research note on Saturday, February 8th. Robert W. Baird lowered their target price on Rocky Brands from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st.

Rocky Brands Company Profile

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.