Birkenstock (BIRK) Projected to Post Quarterly Earnings on Thursday

Birkenstock (NYSE:BIRK) is expected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $355.80 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Birkenstock Trading Down 0.7 %

NYSE BIRK opened at $54.89 on Wednesday. The firm has a market cap of $10.31 billion, a PE ratio of 50.82, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Birkenstock has a 1-year low of $41.00 and a 1-year high of $64.78. The stock has a 50-day moving average of $57.58 and a 200-day moving average of $53.25. The company has a current ratio of 2.60, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BIRK shares. BTIG Research increased their price objective on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a research report on Thursday, February 13th. BMO Capital Markets boosted their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Hsbc Global Res raised shares of Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler began coverage on Birkenstock in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.