Pier 1 Imports Inc (PIR) Releases FY15 Earnings Guidance
Pier 1 Imports Inc (NYSE:PIR) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $22.214.171.124 for the period, compared to the Thomson Reuters consensus estimate of $1.22, StockRatingsNetwork reports.
Pier 1 Imports Inc (NYSE:PIR) opened at 18.26 on Thursday. Pier 1 Imports Inc has a 1-year low of $16.86 and a 1-year high of $24.77. The stock has a 50-day moving average of $17.78 and a 200-day moving average of $19.27. The company has a market cap of $1.770 billion and a P/E ratio of 18.00. Pier 1 Imports also was the recipient of some unusual options trading on Monday. Stock traders bought 11,647 put options on the company. This is an increase of approximately 1,646% compared to the average volume of 667 put options.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.04. The company had revenue of $419.10 million for the quarter, compared to the consensus estimate of $422.43 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Pier 1 Imports Inc will post $1.21 EPS for the current fiscal year.
PIR has been the subject of a number of recent research reports. Analysts at Barrington Research initiated coverage on shares of Pier 1 Imports in a research note on Monday, June 2nd. They set a market perform rating on the stock. On a related note, analysts at Zacks upgraded shares of Pier 1 Imports from an underperform rating to a neutral rating in a research note on Wednesday, April 30th. They now have a $18.60 price target on the stock. Finally, analysts at Barclays upgraded shares of Pier 1 Imports from an equal weight rating to an overweight rating in a research note on Tuesday, April 15th. They now have a $23.00 price target on the stock, up previously from $19.00. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $19.76.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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