Buckle (NYSE:BKE) released its quarterly earnings results on Friday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04, MarketWatch Earnings reports. Buckle had a net margin of 10.47% and a return on equity of 22.96%. The business had revenue of $203.80 million for the quarter, compared to analysts’ expectations of $202.20 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 1.3% compared to the same quarter last year.
BKE stock opened at $18.02 on Friday. The firm has a 50 day moving average of $18.89 and a 200 day moving average of $18.06. The stock has a market capitalization of $882.20 million, a PE ratio of 9.48 and a beta of 0.76. The company has a quick ratio of 1.58, a current ratio of 2.30 and a debt-to-equity ratio of 0.75. Buckle has a 52 week low of $14.81 and a 52 week high of $29.65.
The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Thursday, July 11th. Buckle’s dividend payout ratio (DPR) is presently 50.76%.
A number of research firms recently commented on BKE. TheStreet cut shares of Buckle from a “b-” rating to a “c” rating in a research note on Friday, May 24th. ValuEngine upgraded shares of Buckle from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, July 10th.
Buckle Company Profile
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.
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