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%.

Several equities research analysts have issued reports on PIR shares. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Loop Capital cut shares of Pier 1 Imports from a “buy” rating to a “hold” rating and decreased their price target for the stock from $8.00 to $4.00 in a research note on Thursday, September 28th. KeyCorp reaffirmed a “hold” rating on shares of Pier 1 Imports in a research note on Friday, September 8th. Jefferies Group reaffirmed a “hold” rating and set a $5.90 price target on shares of Pier 1 Imports in a research note on Sunday, September 3rd. Finally, Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.78.

ILLEGAL ACTIVITY NOTICE: “Pier 1 Imports (PIR) Issues Quarterly Earnings Results” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/15/pier-1-imports-pir-issues-quarterly-earnings-results.html.

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.

Earnings History for Pier 1 Imports (NYSE:PIR)

Receive News & Stock Ratings for Pier 1 Imports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports and related stocks with our FREE daily email newsletter.