Pacific Sunwear of California (PSUN) Posts Quarterly Results
Pacific Sunwear of California (NASDAQ:PSUN) issued its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03), AnalystRatingsNetwork.com reports. The company had revenue of $211.70 million for the quarter, compared to the consensus estimate of $208.48 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Pacific Sunwear of California updated its Q3 guidance to ($0.09)-(0.04) EPS.
Shares of Pacific Sunwear of California (NASDAQ:PSUN) traded up 2.22% on Thursday, hitting $2.30. The stock had a trading volume of 498,212 shares. Pacific Sunwear of California has a one year low of $1.84 and a one year 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.
PSUN has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $3.29.
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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