News articles about Crocs (NASDAQ:CROX) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crocs earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 46.3892678671308 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several analysts have recently issued reports on the company. Pivotal Research assumed coverage on Crocs in a research note on Thursday, October 5th. They set a “hold” rating and a $9.50 price target for the company. Zacks Investment Research upgraded Crocs from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, August 14th. BidaskClub upgraded Crocs from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. ValuEngine downgraded Crocs from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $8.00 price target (up previously from $7.00) on shares of Crocs in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Crocs presently has an average rating of “Hold” and an average price target of $8.75.
Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Crocs had a negative return on equity of 3.36% and a negative net margin of 0.91%. The business had revenue of $313.20 million during the quarter, compared to analysts’ expectations of $311.33 million. During the same quarter last year, the company posted $0.16 earnings per share. Crocs’s quarterly revenue was down 3.3% on a year-over-year basis.
Crocs Company Profile
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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