Pier 1 Imports (PIR) Set to Announce Quarterly Earnings on Thursday
Pier 1 Imports (NYSE:PIR) will announce its Q2 2014 earnings results before the market opens on Thursday, September 19th. Pier 1 Imports has set its FY14 guidance at $1.27-1.32 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.19 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.19. The company had revenue of $394.85 million for the quarter, compared to the consensus estimate of $395.02 million. During the same quarter last year, the company posted $0.16 earnings per share. Pier 1 Imports’s revenue was up 9.3% compared to the same quarter last year. On average, analysts expect Pier 1 Imports to post $1.31 EPS for the current fiscal year and $1.57 EPS for the next fiscal year.
Pier 1 Imports (NYSE:PIR) opened at 23.45 on Wednesday. Pier 1 Imports has a 52-week low of $18.05 and a 52-week high of $25.29. The stock has a 50-day moving average of $22.58 and a 200-day moving average of $23.15. The company has a market cap of $2.485 billion and a price-to-earnings ratio of 18.49.
A number of analysts have recently weighed in on PIR shares. Analysts at Jefferies Group reiterated a “sell” rating on shares of Pier 1 Imports (NYSE:PIR) in a research note to investors on Wednesday, August 28th. On the ratings front, analysts at Argus upgraded shares of Pier 1 Imports (NYSE:PIR) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 17th. They now have a $27.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Pier 1 Imports (NYSE:PIR) in a research note to investors on Friday, June 21st. They now have a $28.00 price target on the stock, down previously from $29.00.
One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Pier 1 Imports has a consensus rating of “Buy” and a consensus price target of $26.09.
Pier 1 Imports, Inc (NYSE:PIR) is a specialty retailer of decorative home furnishings and gifts.
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