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RCKY - Rocky Brands: Major Acquisition Is Annually EPS Accretive By 36% 9x P/E
January, 28 2021 02:45 PM
Rocky Brands Inc.
Acquisition of Honeywell's footwear brands to boost financials and provide growth opportunities. Transaction should be EPS accretive by around $1.00 [or +36%] in 2022. Inexpensive valuations of 12x P/E on our pro forma 2021 numbers. 9M20 reported financials have been resilient despite the impact of COVID-19. Management has improved gross margins on cost cutting and higher sales in the retail channel. For further details see:
Rocky Brands: Major Acquisition Is Annually EPS Accretive By 36%, 9x P/E
Stock Information
Company Name:
Rocky Brands Inc.
Stock Symbol:
RCKY
Market:
NASDAQ
Website:
rockybrands.com
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