Skechers U.S.A. (SKX) Projected to Post Quarterly Earnings on Thursday

Skechers U.S.A. (NYSE:SKX - Get Free Report) is expected to be releasing its earnings data after the market closes on Thursday, April 24th. Analysts expect Skechers U.S.A. to post earnings of $1.17 per share and revenue of $2.43 billion for the quarter. Skechers U.S.A. has set its FY 2025 guidance at 4.300-4.500 EPS and its Q1 2025 guidance at 1.100-1.150 EPS.Parties interested in listening to the company's conference call can do so using this link.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $0.65 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.08). Skechers U.S.A. had a return on equity of 13.73% and a net margin of 7.13%. On average, analysts expect Skechers U.S.A. to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Skechers U.S.A. Stock Performance

NYSE SKX traded up $0.82 on Friday, hitting $47.53. 3,579,888 shares of the company's stock were exchanged, compared to its average volume of 2,260,923. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.97 and a quick ratio of 1.12. The firm's 50-day moving average price is $56.42 and its two-hundred day moving average price is $63.32. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.11 and a beta of 1.08. Skechers U.S.A. has a fifty-two week low of $44.50 and a fifty-two week high of $78.85.

Analysts Set New Price Targets

SKX has been the topic of several research reports. Barclays lowered their target price on Skechers U.S.A. from $80.00 to $77.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Stifel Nicolaus cut their target price on shares of Skechers U.S.A. from $80.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group lowered their price target on shares of Skechers U.S.A. from $65.00 to $64.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skechers U.S.A. in a research note on Friday, February 7th. Finally, StockNews.com lowered Skechers U.S.A. from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Skechers U.S.A. currently has a consensus rating of "Moderate Buy" and an average target price of $74.67.

Insider Buying and Selling

In other Skechers U.S.A. news, COO David Weinberg sold 36,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $62.72, for a total transaction of $2,257,920.00. Following the completion of the transaction, the chief operating officer now directly owns 54,499 shares of the company's stock, valued at $3,418,177.28. This trade represents a 39.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Greenberg sold 33,656 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $60.76, for a total value of $2,044,938.56. Following the sale, the president now owns 137,530 shares in the company, valued at $8,356,322.80. The trade was a 19.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 218,245 shares of company stock valued at $13,452,902. Company insiders own 24.75% of the company's stock.

Skechers U.S.A. Company Profile

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.