Perry Ellis International Inc. (PERY) to Release Quarterly Earnings on Thursday
Perry Ellis International Inc. (NASDAQ:PERY) is scheduled to be announcing its Q317 earnings results on Thursday, November 17th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $194.72 million for the quarter. Perry Ellis International has set its FY17 guidance at $1.95-2.00 EPS.
Perry Ellis International (NASDAQ:PERY) last announced its earnings results on Thursday, August 18th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.14. Perry Ellis International had a positive return on equity of 8.31% and a negative net margin of 0.54%. The business earned $202 million during the quarter, compared to analysts’ expectations of $197.63 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. On average, analysts expect Perry Ellis International to post $1.98 EPS for the current fiscal year and $2.15 EPS for the next fiscal year.
Perry Ellis International Inc. (NASDAQ:PERY) opened at 21.25 on Tuesday. The firm’s 50 day moving average price is $19.10 and its 200-day moving average price is $19.73. Perry Ellis International Inc. has a one year low of $15.73 and a one year high of $22.71. The firm’s market cap is $317.75 million.
In other Perry Ellis International news, insider Stanley P. Silverstein sold 10,942 shares of Perry Ellis International stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $19.61, for a total value of $214,572.62. Following the sale, the insider now owns 74,960 shares of the company’s stock, valued at approximately $1,469,965.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 22.20% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. American International Group Inc. raised its stake in shares of Perry Ellis International by 0.7% in the third quarter. American International Group Inc. now owns 9,263 shares of the company’s stock worth $179,000 after buying an additional 62 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Perry Ellis International during the third quarter worth $186,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Perry Ellis International during the second quarter worth $203,000. BlackRock Inc. raised its stake in shares of Perry Ellis International by 1,347.2% in the second quarter. BlackRock Inc. now owns 11,288 shares of the company’s stock worth $227,000 after buying an additional 10,508 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Perry Ellis International by 258.9% in the second quarter. Barclays PLC now owns 12,800 shares of the company’s stock worth $258,000 after buying an additional 9,234 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on PERY shares. Brean Capital reissued a “buy” rating on shares of Perry Ellis International in a report on Thursday, September 22nd. Zacks Investment Research raised Perry Ellis International from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, August 23rd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $26.00 price target on shares of Perry Ellis International in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.50.
Perry Ellis International Company Profile
Perry Ellis International, Inc is an apparel company. The Company designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution. It operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.
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