Birkenstock (BIRK) Set to Announce Quarterly Earnings on Wednesday

Birkenstock (NYSE:BIRK) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, December 18th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Birkenstock Stock Performance

NYSE BIRK opened at $55.06 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. Birkenstock has a fifty-two week low of $41.00 and a fifty-two week high of $64.78. The business has a fifty day moving average of $49.31 and a 200-day moving average of $53.03. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 90.26, a price-to-earnings-growth ratio of 1.19 and a beta of 2.22.

Analysts Set New Price Targets

Several research analysts recently weighed in on BIRK shares. BMO Capital Markets reissued an “outperform” rating and issued a $60.00 target price on shares of Birkenstock in a research note on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research report on Friday. Evercore ISI restated an “outperform” rating and set a $77.00 target price (up previously from $63.00) on shares of Birkenstock in a research report on Monday, August 26th. BTIG Research set a $60.00 price target on Birkenstock and gave the company a “buy” rating in a report on Friday, October 18th. Finally, UBS Group reduced their price target on Birkenstock from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.13.

Birkenstock Company Profile

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.