Rocky Brands, Inc. (NASDAQ:RCKY) 2Q20 Earnings Preview

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Rocky Brands, Inc. (NASDAQ:RCKY) is expected to report second quarter earnings results, after market close, on Tuesday 28th July 2020.

Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.16 per share.

Looking ahead, the full year income are expected at $ 1.05 per share on the revenues of $ 233.10 million.

Previous Quarter Performance

Rocky Brands, Inc. posted income for the first quarter of $ 0.27 per share, from the revenue of $ 55.72 million. The quarterly earnings improved 11.76 percent while revenues compared with the same quarter last year.
The consensus estimates are income of $ 0.47 per share from $ 66.30 million in revenue. The bottom line results missed street analysts by $ 0.2 or 42.55 percent, at the same time, top line results fell short of analysts by $ 10.58 million or 15.96 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of RCKY was $ 17.87, representing a 19.45 % increase from the 52 week low of $ 14.96 and a 47.66 % decrease over the 52 week high of $ 34.14.

The company has a market capital of $ 130.67 million and is part of the Consumer Cyclical sector and Footwear & Accessories industry.

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Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.14 per share on May 14, 2020. The dividend were payable on June 16, 2020 to holders of record as of the close of business on June 2, 2020 and ex-dividend date on June 1, 2020.

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.