Analysts Expect Columbia Sportswear (NASDAQ:COLM) to Post EPS of $0.05
Equity research analysts expect Columbia Sportswear (NASDAQ:COLM – Get Rating) to report earnings per share (EPS) of $0.05 for the current fiscal quarter, reports Zacks Investment Research. Three analysts provided earnings estimates for Columbia Sportswear. The lowest EPS estimate is $0.00 and the highest is $0.10. Columbia Sportswear posted earnings per share of $0.61 in the same quarter last year, suggesting a negative 91.8% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Columbia Sportswear to report annual earnings of $5.85 per share for the current fiscal year, with EPS estimates ranging from $5.75 to $6.00. For next year, analysts expect the company to post earnings of $6.43 per share, with EPS estimates ranging from $6.00 to $6.63. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts who provide coverage for Columbia Sportswear.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its results on Thursday, April 28. The textile maker reported earnings per share of $1.03 for the quarter, beating the consensus estimate of $0.85 by $0.18. Columbia Sportswear had a net margin of 11.19% and a return on equity of 19.34%. The company posted revenue of $761.50 million in the quarter, versus a consensus estimate of $762.88 million. In the same quarter a year earlier, the company posted EPS of $0.84. The company’s revenue for the quarter increased 21.7% year over year.
COLM has been the subject of several analyst reports. StockNews.com downgraded shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a Friday, April 29 research note. Seaport Res Ptn moved shares of Columbia Sportswear from a “neutral” rating to a “buy” rating in a Friday, January 28 research note. Bank of America downgraded Columbia Sportswear shares from a ‘neutral’ to an ‘underperforming’ rating and lowered its price target for the company from $108.00 to $80.00 in a research note Friday, April 29. TheStreet downgraded shares of Columbia Sportswear from a “b” rating to a “c+” rating in a Thursday, April 28 research note. Finally, Zacks Investment Research downgraded Columbia Sportswear from a “buy” rating to a “hold” rating and set a target price of $92.00 for the company. in a report on Tuesday, April 12. One research analyst gave the stock a sell rating, six gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $104.57.
In related news, director Ronald E. Nelson sold 3,706 shares of the company in a trade that took place on Thursday, May 5. The stock was sold at an average price of $80.16, for a total transaction of $297,072.96. Following the sale, the director now directly owns 14,402 shares of the company, valued at approximately $1,154,464.32. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, director Stephen E. Babson sold 2,568 shares of the company in a trade that took place on Tuesday, May 3. The shares were sold at an average price of $81.14, for a total value of $208,367.52. Following the sale, the administrator now directly owns 112,627 shares of the company, valued at $9,138,554.78. The disclosure of this sale can be found here. Company insiders own 41.15% of the company’s shares.
Hedge funds and other institutional investors have recently changed their stakes in the company. First Manhattan Co. increased its position in Columbia Sportswear by 304.9% in the third quarter. First Manhattan Co. now owns 332 shares of the textile maker worth $31,000 after buying an additional 250 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Columbia Sportswear in the first quarter worth $31,000. Bedel Financial Consulting Inc. increased its position in Columbia Sportswear by 300.0% in the fourth quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker worth $39,000 after purchasing an additional 300 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Columbia Sportswear in the fourth quarter valued at $43,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Columbia Sportswear in the first quarter worth $195,000. 48.65% of the shares are currently held by hedge funds and other institutional investors.
COLM stock traded at $3.44 during Friday’s trading, hitting $76.31. The stock recorded a trading volume of 798,655 shares, compared to an average volume of 382,123 shares. The company’s 50-day moving average price is $88.49 and its two-hundred-day moving average price is $94.29. Columbia Sportswear has a 1-year low of $76.01 and a 1-year high of $109.40. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.75, a growth price-to-earnings ratio of 1.61 and a beta of 0.90.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 19 will receive a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 1.57%. The ex-dividend date is Wednesday, May 18. Columbia Sportswear’s dividend payout ratio (DPR) is currently 21.62%.
About Columbia Sportswear (Get a rating)
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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