Q3 2017 EPS Estimates for Pier 1 Imports Inc. (PIR) Decreased by Analyst
Pier 1 Imports Inc. (NYSE:PIR) – Equities researchers at SunTrust Banks reduced their Q3 2017 earnings per share estimates for Pier 1 Imports in a note issued to investors on Wednesday. SunTrust Banks analyst D. Magee now expects that the brokerage will earn $0.12 per share for the quarter, down from their previous forecast of $0.14. SunTrust Banks also issued estimates for Pier 1 Imports’ Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $0.28 EPS and FY2018 earnings at $0.40 EPS.
Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, September 28th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $405.80 million for the quarter. Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share.
Other research analysts also recently issued research reports about the stock. Deutsche Bank AG began coverage on shares of Pier 1 Imports in a research note on Sunday, June 26th. They issued a “sell” rating and a $5.50 price target for the company. Guggenheim reiterated a “neutral” rating on shares of Pier 1 Imports in a research note on Friday. Nomura reiterated a “buy” rating and issued a $8.50 price target on shares of Pier 1 Imports in a research note on Thursday. Credit Suisse Group AG reiterated a “sell” rating and issued a $4.00 price target on shares of Pier 1 Imports in a research note on Thursday. Finally, Oppenheimer Holdings Inc. downgraded shares of Pier 1 Imports from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $6.30.
Shares of Pier 1 Imports (NYSE:PIR) opened at 4.24 on Friday. The stock has a 50 day moving average of $4.40 and a 200 day moving average of $5.48. Pier 1 Imports has a 12-month low of $3.73 and a 12-month high of $8.23. The stock has a market capitalization of $341.05 million, a P/E ratio of 17.82 and a beta of 1.73.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Wednesday, October 19th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend 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%.
Several large investors have recently modified their holdings of PIR. Bayesian Capital Management LP bought a new stake in shares of Pier 1 Imports during the first quarter valued at approximately $118,000. Cubist Systematic Strategies LLC bought a new stake in shares of Pier 1 Imports during the second quarter valued at approximately $117,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Pier 1 Imports during the second quarter valued at approximately $136,000. Stevens Capital Management LP bought a new stake in shares of Pier 1 Imports during the second quarter valued at approximately $136,000. Finally, Princeton Alpha Management LP acquired a new stake in Pier 1 Imports during the second quarter valued at approximately $143,000. Institutional investors own 98.63% of the company’s stock.
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.
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