Pier 1 Imports Inc. (PIR) to Post Q3 2017 Earnings of $0.10 Per Share, Wedbush Forecasts
Pier 1 Imports Inc. (NYSE:PIR) – Equities research analysts at Wedbush decreased their Q3 2017 earnings estimates for shares of Pier 1 Imports in a research note issued on Thursday. Wedbush analyst S. Basham now forecasts that the firm will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.13. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for Pier 1 Imports’ Q3 2018 earnings at $0.11 EPS and FY2018 earnings at $0.27 EPS.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, September 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The business had revenue of $405.80 million for the quarter. Pier 1 Imports had a return on equity of 7.20% and a net margin of 1.06%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS.
PIR has been the topic of a number of other research reports. Credit Suisse Group AG restated a “hold” rating on shares of Pier 1 Imports in a research note on Thursday, June 30th. Telsey Advisory Group cut their target price on Pier 1 Imports from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, June 30th. Oppenheimer Holdings Inc. downgraded Pier 1 Imports from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. Wolfe Research upgraded Pier 1 Imports from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, June 22nd. Finally, BTIG Research restated a “sell” rating and issued a $3.50 target price on shares of Pier 1 Imports in a research note on Thursday, September 22nd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.30.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.24 on Friday. The company’s 50-day moving average price is $4.40 and its 200-day moving average price is $5.48. The firm has a market cap of $341.05 million, a P/E ratio of 17.82 and a beta of 1.73. Pier 1 Imports has a 12 month low of $3.73 and a 12 month high of $8.23.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in Pier 1 Imports during the second quarter valued at $117,000. Bayesian Capital Management LP purchased a new position in Pier 1 Imports during the first quarter valued at $118,000. Dynamic Technology Lab Private Ltd purchased a new position in Pier 1 Imports during the second quarter valued at $136,000. Stevens Capital Management LP purchased a new position in Pier 1 Imports during the second quarter valued at $136,000. Finally, Princeton Alpha Management LP purchased a new position in Pier 1 Imports during the second quarter valued at $143,000. 98.63% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th will be issued a $0.07 dividend. The ex-dividend date is Monday, October 17th. This represents a $0.28 annualized dividend and a dividend yield of 6.60%. Pier 1 Imports’s payout ratio is currently 116.67%.
Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.
Receive News & Stock Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related stocks with our FREE daily email newsletter.