Pier 1 Imports (PIR) Announces Quarterly Earnings, Misses Estimates By $0.04 EPS
Pier 1 Imports (NYSE:PIR) released its earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.04, American Banking News.com reports. The company had revenue of $419.10 million for the quarter, compared to the consensus estimate of $422.43 million.
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 the ratings front, 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.76.
Shares of Pier 1 Imports (NYSE:PIR) opened at 18.26 on Thursday. Pier 1 Imports has a 52-week low of $16.86 and a 52-week high of $24.77. The stock’s 50-day moving average is $17.78 and its 200-day moving average is $19.27. The company has a market cap of $1.770 billion and a P/E ratio of 18.00. Pier 1 Imports also saw some unusual options trading on Monday. Traders purchased 11,647 put options on the company. This represents an increase of 1,646% compared to the average volume of 667 put options.
Pier 1 Imports, Inc (NYSE:PIR) is a global importer of imported decorative home furnishings and gifts.
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