Cricut, Inc. (CRCT) To Go Ex-Dividend on January 7th

Cricut, Inc. (NASDAQ:CRCT) announced a None dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Tuesday, January 7th will be paid a dividend of 0.50 per share on Tuesday, January 21st. The ex-dividend date of this dividend is Tuesday, January 7th.

Cricut has a payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Cricut to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 57.1%.

Cricut Trading Up 3.1 %

Shares of Cricut stock traded up $0.17 on Thursday, reaching $5.74. 47,304 shares of the company were exchanged, compared to its average volume of 697,185. Cricut has a one year low of $4.43 and a one year high of $8.40. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.96 and a beta of 0.13. The company has a 50-day moving average of $6.36 and a 200 day moving average of $6.20.

Cricut (NASDAQ:CRCT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Cricut had a net margin of 9.16% and a return on equity of 13.18%. The business had revenue of $167.89 million during the quarter, compared to the consensus estimate of $165.35 million. During the same quarter last year, the company posted $0.08 EPS. Analysts predict that Cricut will post 0.29 earnings per share for the current year.

Insider Buying and Selling at Cricut

In other news, CEO Arora Ashish sold 53,301 shares of Cricut stock in a transaction on Monday, August 12th. The stock was sold at an average price of $5.79, for a total transaction of $308,612.79. Following the completion of the sale, the chief executive officer now owns 2,637,243 shares of the company’s stock, valued at approximately $15,269,636.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Arora Ashish sold 53,301 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $5.79, for a total value of $308,612.79. Following the completion of the sale, the chief executive officer now directly owns 2,637,243 shares in the company, valued at approximately $15,269,636.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Donald B. Olsen sold 40,000 shares of Cricut stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.74, for a total value of $229,600.00. Following the completion of the transaction, the executive vice president now directly owns 655,833 shares of the company’s stock, valued at $3,764,481.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 267,112 shares of company stock valued at $1,599,515 in the last ninety days. 18.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their target price on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating for the company in a report on Wednesday.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.