Pier 1 Imports (PIR) Issues Quarterly Earnings Results
Pier 1 Imports (NYSE:PIR) released its quarterly earnings results on Wednesday. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02), Bloomberg Earnings reports. Pier 1 Imports had a return on equity of 10.07% and a net margin of 1.28%. The firm had revenue of $469.20 million for the quarter, compared to analyst estimates of $466.60 million. During the same period in the prior year, the business earned $0.22 earnings per share. Pier 1 Imports’s revenue for the quarter was down 1.4% on a year-over-year basis. Pier 1 Imports updated its Q4 guidance to $0.16-0.24 EPS.
Shares of Pier 1 Imports (NYSE PIR) opened at $4.12 on Friday. The stock has a market cap of $489.33, a P/E ratio of 17.18, a PEG ratio of -13.74 and a beta of 1.85. Pier 1 Imports has a 12 month low of $3.96 and a 12 month high of $9.67. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.43 and a current ratio of 2.23.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.80%. Pier 1 Imports’s dividend payout ratio is currently 100.00%.
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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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