Crocs (NASDAQ:CROX) Announces Quarterly Earnings Results

Crocs (NASDAQ:CROX) posted its quarterly earnings data on Thursday. The textile maker reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25, Zacks reports. Crocs had a return on equity of 49.70% and a net margin of 20.50%. Crocs updated its FY 2025 guidance to 12.700-13.150 EPS and its Q1 2025 guidance to 2.380-2.520 EPS.

Crocs Stock Performance

NASDAQ:CROX traded down $3.52 during mid-day trading on Friday, hitting $106.53. 980,453 shares of the stock were exchanged, compared to its average volume of 1,627,390. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.43. The firm’s 50-day simple moving average is $105.75 and its 200 day simple moving average is $119.61. Crocs has a fifty-two week low of $88.25 and a fifty-two week high of $165.32. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.67 and a beta of 1.93.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays cut their target price on Crocs from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com raised Crocs from a “hold” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird cut their price objective on Crocs from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Monday. Raymond James downgraded shares of Crocs from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. Finally, KeyCorp lowered their price objective on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Crocs presently has an average rating of “Moderate Buy” and a consensus target price of $142.87.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.