Columbia Sportswear Company Forecasted to Post Q1 2017 Earnings of $0.43 Per Share (COLM)

Columbia Sportswear Company (NASDAQ:COLM) – Analysts at KeyCorp dropped their Q1 2017 earnings per share (EPS) estimates for shares of Columbia Sportswear Company in a research note issued to investors on Thursday. KeyCorp analyst E. Yruma now forecasts that the firm will post earnings per share of $0.43 for the quarter, down from their previous forecast of $0.47. KeyCorp also issued estimates for Columbia Sportswear Company’s Q3 2017 earnings at $1.26 EPS, FY2017 earnings at $2.78 EPS and FY2018 earnings at $3.01 EPS.

Columbia Sportswear Company (NASDAQ:COLM) last released its earnings results on Thursday, February 9th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.10. The firm earned $717.40 million during the quarter, compared to analyst estimates of $758.88 million. Columbia Sportswear Company had a net margin of 8.07% and a return on equity of 12.77%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS.

“Columbia Sportswear Company Forecasted to Post Q1 2017 Earnings of $0.43 Per Share (COLM)” was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another site, it was copied illegally and republished in violation of international copyright and trademark laws. The original version of this piece can be accessed at http://sleekmoney.com/columbia-sportswear-company-forecasted-to-post-q1-2017-earnings-of-0-43-per-share-colm/1661839.html.

Earnings History and Estimates for Columbia Sportswear Company (NASDAQ:COLM)

A number of other equities analysts have also recently weighed in on the stock. FBR & Co restated a “buy” rating and set a $68.00 price objective on shares of Columbia Sportswear Company in a research report on Friday, October 28th. Canaccord Genuity restated a “buy” rating and set a $70.00 price objective on shares of Columbia Sportswear Company in a research report on Friday, October 28th. Zacks Investment Research cut shares of Columbia Sportswear Company from a “hold” rating to a “sell” rating in a research report on Wednesday, November 16th. DA Davidson set a $72.00 target price on shares of Columbia Sportswear Company and gave the stock a “buy” rating in a report on Monday, November 28th. Finally, Wedbush upped their target price on shares of Columbia Sportswear Company from $67.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.25.

Shares of Columbia Sportswear Company (NASDAQ:COLM) opened at 58.35 on Monday. Columbia Sportswear Company has a 12-month low of $51.70 and a 12-month high of $63.55. The stock has a 50 day moving average of $55.81 and a 200 day moving average of $57.10. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 21.45 and a beta of 0.78.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Intrust Bank NA raised its position in shares of Columbia Sportswear Company by 0.6% in the third quarter. Intrust Bank NA now owns 3,885 shares of the company’s stock valued at $221,000 after buying an additional 22 shares during the period. Eqis Capital Management Inc. raised its position in shares of Columbia Sportswear Company by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 4,060 shares of the company’s stock valued at $230,000 after buying an additional 57 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Columbia Sportswear Company by 1.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,933 shares of the company’s stock valued at $228,000 after buying an additional 57 shares during the period. Advisor Group Inc. raised its position in shares of Columbia Sportswear Company by 2.5% in the third quarter. Advisor Group Inc. now owns 3,082 shares of the company’s stock valued at $174,000 after buying an additional 76 shares during the period. Finally, US Bancorp DE raised its position in shares of Columbia Sportswear Company by 3.5% in the third quarter. US Bancorp DE now owns 2,485 shares of the company’s stock valued at $141,000 after buying an additional 85 shares during the period. 38.11% of the stock is owned by institutional investors.

“Columbia Sportswear Company Forecasted to Post Q1 2017 Earnings of $0.43 Per Share (COLM)” was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another site, it was copied illegally and republished in violation of international copyright and trademark laws. The original version of this piece can be accessed at http://sleekmoney.com/columbia-sportswear-company-forecasted-to-post-q1-2017-earnings-of-0-43-per-share-colm/1661839.html.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, March 7th. Columbia Sportswear Company’s dividend payout ratio (DPR) is presently 26.57%.

Columbia Sportswear Company Company Profile

Columbia Sportswear Company is an apparel and footwear company. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and other brands. The Company’s geographic segments are the United States, Latin America and Asia Pacific (LAAP), the Europe, Middle East and Africa (EMEA), and Canada.

5 Day Chart for NASDAQ:COLM

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/columbia-sportswear-company-forecasted-to-post-q1-2017-earnings-of-0-43-per-share-colm/1661839.html

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