Columbia Sportswear (NASDAQ:COLM – Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of ($0.30) per share for the quarter. Columbia Sportswear has set its FY 2024 guidance at 3.650-4.050 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Columbia Sportswear (NASDAQ:COLM – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.71 EPS for the quarter, beating the consensus estimate of $0.35 by $0.36. Columbia Sportswear had a net margin of 7.20% and a return on equity of 13.98%. The firm had revenue of $769.98 million for the quarter, compared to analyst estimates of $740.62 million. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, analysts expect Columbia Sportswear to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Columbia Sportswear Price Performance
Shares of Columbia Sportswear stock opened at $80.44 on Thursday. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 3.21 and a beta of 0.94. The business has a 50-day moving average of $81.78 and a 200 day moving average of $79.98. Columbia Sportswear has a 12 month low of $66.01 and a 12 month high of $87.23.
Columbia Sportswear Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Wednesday, May 15th. Columbia Sportswear’s dividend payout ratio is presently 29.27%.
Wall Street Analyst Weigh In
COLM has been the subject of several recent analyst reports. StockNews.com upgraded Columbia Sportswear from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Stifel Nicolaus upgraded shares of Columbia Sportswear from a “hold” rating to a “buy” rating and upped their target price for the company from $84.00 to $92.00 in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $77.75.
Check Out Our Latest Research Report on COLM
Insider Activity at Columbia Sportswear
In other news, Director Sabrina Simmons sold 523 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $81.70, for a total value of $42,729.10. Following the completion of the transaction, the director now directly owns 6,483 shares in the company, valued at $529,661.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Columbia Sportswear news, Director Sabrina Simmons sold 523 shares of Columbia Sportswear stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $81.70, for a total transaction of $42,729.10. Following the sale, the director now directly owns 6,483 shares in the company, valued at approximately $529,661.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jim A. Swanson sold 7,199 shares of Columbia Sportswear stock in a transaction on Monday, April 29th. The stock was sold at an average price of $77.50, for a total transaction of $557,922.50. Following the completion of the sale, the chief financial officer now owns 9,423 shares of the company’s stock, valued at approximately $730,282.50. The disclosure for this sale can be found here. Company insiders own 44.70% of the company’s stock.
Columbia Sportswear Company Profile
(Get Free Report)
Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.
Further Reading
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