Wall Street analysts expect Skechers USA Inc (NYSE:SKX) to announce $0.52 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Skechers USA’s earnings, with estimates ranging from $0.51 to $0.54. Skechers USA reported earnings per share of $0.59 in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.9%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Skechers USA will report full year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.67 to $1.80. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.82 to $2.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Skechers USA.

Skechers USA (NYSE:SKX) last released its quarterly earnings data on Thursday, July 19th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.12). The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Skechers USA had a return on equity of 14.17% and a net margin of 4.24%. Skechers USA’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS.

SKX has been the topic of a number of research analyst reports. Standpoint Research raised shares of Skechers USA from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Citigroup initiated coverage on shares of Skechers USA in a research report on Wednesday, April 18th. They set a “buy” rating and a $50.00 price objective on the stock. B. Riley set a $50.00 price objective on shares of Skechers USA and gave the stock a “buy” rating in a research report on Tuesday, April 17th. UBS Group started coverage on shares of Skechers USA in a research report on Thursday, June 21st. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Buckingham Research restated a “buy” rating and issued a $48.00 target price on shares of Skechers USA in a report on Wednesday, April 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Skechers USA currently has a consensus rating of “Hold” and a consensus price target of $37.45.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Washington CORP acquired a new stake in shares of Skechers USA in the 2nd quarter worth about $3,665,000. ING Groep NV raised its holdings in shares of Skechers USA by 99.1% in the 2nd quarter. ING Groep NV now owns 20,801 shares of the textile maker’s stock worth $624,000 after acquiring an additional 10,353 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Skechers USA by 181.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 79,258 shares of the textile maker’s stock worth $2,379,000 after acquiring an additional 51,061 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Skechers USA in the 2nd quarter worth about $141,000. Finally, Neuburgh Advisers LLC raised its holdings in shares of Skechers USA by 39.9% in the 2nd quarter. Neuburgh Advisers LLC now owns 39,006 shares of the textile maker’s stock worth $1,171,000 after acquiring an additional 11,132 shares during the last quarter. Institutional investors own 73.23% of the company’s stock.

Shares of Skechers USA traded down $0.15, reaching $29.29, on Friday, MarketBeat Ratings reports. 1,544,650 shares of the company were exchanged, compared to its average volume of 6,536,633. The stock has a market capitalization of $4.69 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.28 and a quick ratio of 2.14. Skechers USA has a one year low of $23.80 and a one year high of $43.08.

About Skechers USA

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.

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