Perry Ellis International Inc. (PERY) Set to Announce Quarterly Earnings on Wednesday
Perry Ellis International Inc. (NASDAQ:PERY) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 15th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Perry Ellis International has set its FY18 guidance at $2.07-2.17 EPS.
Perry Ellis International (NASDAQ:PERY) last issued its earnings results on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. The company had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $204.97 million. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, analysts expect Perry Ellis International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Perry Ellis International Inc. (NASDAQ:PERY) opened at $23.24 on Tuesday. The company has a market cap of $367.52, a price-to-earnings ratio of 12.44 and a beta of 0.60. Perry Ellis International Inc. has a 1 year low of $16.35 and a 1 year high of $29.00. The company has a current ratio of 3.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.25.
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In other Perry Ellis International news, insider Luis S. Paez sold 3,812 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stanley P. Silverstein sold 13,507 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The disclosure for this sale can be found here. 20.20% of the stock is owned by corporate insiders.
Several analysts have commented on PERY shares. Zacks Investment Research cut shares of Perry Ellis International from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. FBR & Co set a $25.00 target price on shares of Perry Ellis International and gave the company a “buy” rating in a research report on Monday, August 21st. Ifs Securities reiterated an “outperform” rating on shares of Perry Ellis International in a research report on Tuesday, October 31st. KeyCorp reiterated a “neutral” rating on shares of Perry Ellis International in a research report on Friday, September 29th. Finally, BidaskClub cut shares of Perry Ellis International from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $28.75.
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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