Columbia Sportswear (COLM) Scheduled to Post Quarterly Earnings on Wednesday

Columbia Sportswear (NASDAQ:COLM) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.37 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Columbia Sportswear (NASDAQ:COLM) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.14. Columbia Sportswear had a net margin of 6.72% and a return on equity of 13.01%. The firm had revenue of $570.20 million for the quarter, compared to the consensus estimate of $569.37 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was down 8.2% 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 Stock Down 2.1 %

NASDAQ:COLM opened at $79.10 on Wednesday. The firm has a 50 day moving average of $81.52 and a 200 day moving average of $80.78. Columbia Sportswear has a 52 week low of $66.01 and a 52 week high of $87.23. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 3.00 and a beta of 0.92.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on COLM shares. Stifel Nicolaus raised Columbia Sportswear from a “hold” rating to a “buy” rating and raised their price objective for the stock from $84.00 to $92.00 in a research report on Monday, July 8th. Wedbush restated a “neutral” rating and set a $80.00 price target on shares of Columbia Sportswear in a research note on Thursday, July 18th. Finally, StockNews.com lowered shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.00.

Columbia Sportswear Company Profile

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.