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Pacific Sunwear of California, Inc. (NASDAQ:PSUN) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.09)-(0.04) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02), AR Network reports. The company issued revenue guidance of $203-208 million, compared to the consensus revenue estimate of $207.43 million.

A number of research firms have recently commented on PSUN. Analysts at Davidson cut their price target on shares of Pacific Sunwear of California from $4.00 to $3.00 in a research note on Friday, August 1st. On a related note, analysts at B. Riley downgraded shares of Pacific Sunwear of California from a buy rating to a neutral rating in a research note on Wednesday, July 30th. They now have a $2.10 price target on the stock, down previously from $4.25. Finally, analysts at DA Davidson cut their price target on shares of Pacific Sunwear of California from $5.50 to $4.00 in a research note on Friday, May 30th. They now have a buy rating on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $3.29.

Shares of Pacific Sunwear of California, Inc. (NASDAQ:PSUN) traded up 2.22% during mid-day trading on Thursday, hitting $2.30. 500,574 shares of the company’s stock traded hands. Pacific Sunwear of California, Inc. has a 52-week low of $1.84 and a 52-week high of $3.95. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $2.56. The company’s market cap is $158.5 million.

Pacific Sunwear of California (NASDAQ:PSUN) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $211.70 million for the quarter, compared to the consensus estimate of $208.48 million. During the same quarter last year, the company posted $0.02 earnings per share. Pacific Sunwear of California’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Pacific Sunwear of California, Inc. will post $-0.27 earnings per share for the current fiscal year.

Pacific Sunwear of California, Inc is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.

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