Rocky Brands (NASDAQ:RCKY) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Rocky Brands (NASDAQ:RCKY) posted its quarterly earnings data on Wednesday. The textile maker reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.05, Fidelity Earnings reports. The business had revenue of $67.18 million during the quarter, compared to the consensus estimate of $68.20 million. Rocky Brands had a net margin of 5.91% and a return on equity of 9.68%.

Rocky Brands stock traded down $5.20 during mid-day trading on Thursday, reaching $27.79. The company had a trading volume of 4,724 shares, compared to its average volume of 45,299. Rocky Brands has a 52 week low of $22.44 and a 52 week high of $34.14. The company has a 50 day moving average of $31.69 and a 200-day moving average of $28.21. The firm has a market cap of $238.92 million, a price-to-earnings ratio of 14.88 and a beta of 0.53.

In other Rocky Brands news, Director James L. Stewart sold 2,500 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $30.17, for a total value of $75,425.00. Following the completion of the sale, the director now directly owns 11,508 shares of the company’s stock, valued at approximately $347,196.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael L. Finn sold 2,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $29.89, for a total transaction of $59,780.00. Following the completion of the sale, the director now directly owns 25,717 shares of the company’s stock, valued at $768,681.13. The disclosure for this sale can be found here. 7.80% of the stock is owned by corporate insiders.

RCKY has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. ValuEngine downgraded shares of Rocky Brands from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.

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Earnings History for Rocky Brands (NASDAQ:RCKY)

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