Pier 1 Imports Inc. (NYSE:PIR) – Analysts at KeyCorp upped their Q3 2017 earnings per share (EPS) estimates for shares of Pier 1 Imports in a research note issued on Tuesday. KeyCorp analyst B. Thomas now expects that the firm will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.13. KeyCorp also issued estimates for Pier 1 Imports’ Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $0.31 EPS and FY2018 earnings at $0.33 EPS.

Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, September 28th. The company reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). Pier 1 Imports had a net margin of 1.06% and a return on equity of 7.20%. The business had revenue of $405.80 million for the quarter. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis.

Earnings History and Estimates for Pier 1 Imports (NYSE:PIR)

Several other equities analysts have also commented on the stock. Oppenheimer Holdings Inc. lowered shares of Pier 1 Imports from an “outperform” rating to a “market perform” rating in a report on Thursday, September 8th. Citigroup Inc. lowered shares of Pier 1 Imports from a “strong-buy” rating to a “market perform” rating in a report on Thursday, September 8th. Nomura reissued a “buy” rating and issued a $8.50 target price on shares of Pier 1 Imports in a report on Thursday, September 8th. Wedbush reissued a “neutral” rating and issued a $4.00 target price on shares of Pier 1 Imports in a report on Tuesday. Finally, BTIG Research reissued a “sell” rating and issued a $3.50 target price on shares of Pier 1 Imports in a report on Thursday, September 29th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.36.

Shares of Pier 1 Imports (NYSE:PIR) traded down 3.52% during trading on Thursday, reaching $5.76. 873,599 shares of the company traded hands. The firm has a market capitalization of $463.31 million, a price-to-earnings ratio of 24.20 and a beta of 1.57. The company has a 50 day moving average price of $4.57 and a 200 day moving average price of $4.97. Pier 1 Imports has a 12-month low of $3.73 and a 12-month high of $7.70.

Several hedge funds have recently bought and sold shares of the company. Bayesian Capital Management LP bought a new position in shares of Pier 1 Imports during the first quarter worth $118,000. Cubist Systematic Strategies LLC acquired a new stake in Pier 1 Imports during the second quarter valued at approximately $117,000. Oppenheimer & Co. Inc. increased its stake in Pier 1 Imports by 26.9% in the third quarter. Oppenheimer & Co. Inc. now owns 23,729 shares of the company’s stock valued at $101,000 after buying an additional 5,029 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Pier 1 Imports during the second quarter valued at approximately $136,000. Finally, Stevens Capital Management LP acquired a new stake in Pier 1 Imports during the second quarter valued at approximately $136,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 2nd. Stockholders of record on Wednesday, October 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, October 17th. This represents a $0.28 annualized dividend and a dividend yield of 4.69%. Pier 1 Imports’s payout ratio is 116.67%.

About Pier 1 Imports

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.

5 Day Chart for NYSE:PIR

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