Rocky Brands (NASDAQ:RCKY) Announces Earnings Results, Misses Expectations By $0.02 EPS

Rocky Brands (NASDAQ:RCKY) announced its earnings results on Tuesday. The textile maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.02), Zacks reports. Rocky Brands had a net margin of 2.94% and a return on equity of 7.74%.

Rocky Brands Trading Up 1.2 %

Shares of Rocky Brands stock traded up $0.28 during trading on Tuesday, reaching $23.58. The company’s stock had a trading volume of 29,145 shares, compared to its average volume of 35,996. The company has a market cap of $175.77 million, a price-to-earnings ratio of 13.25 and a beta of 2.10. The firm’s 50-day moving average is $23.65 and its two-hundred day moving average is $25.81. Rocky Brands has a 52-week low of $19.65 and a 52-week high of $40.14. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62.

Rocky Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.155 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.63%. Rocky Brands’s payout ratio is 34.83%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RCKY shares. StockNews.com downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Saturday, February 8th. Robert W. Baird dropped their price target on Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.