Brokerages Expect Kirkland's, Inc. (KIRK) Will Post Earnings of -$0.03 Per Share
Equities research analysts forecast that Kirkland's, Inc. (NASDAQ:KIRK) will post earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Kirkland's’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.05). Kirkland's posted earnings per share of $0.06 in the same quarter last year, which would suggest a negative year over year growth rate of 150%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 23rd.
According to Zacks, analysts expect that Kirkland's will report full-year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.51 to $0.60. For the next financial year, analysts forecast that the company will post earnings of $0.68 per share, with EPS estimates ranging from $0.65 to $0.70. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Kirkland's.
Kirkland's (NASDAQ:KIRK) last announced its earnings results on Friday, March 10th. The specialty retailer reported $0.90 EPS for the quarter, topping the consensus estimate of $0.81 by $0.09. Kirkland's had a net margin of 2.22% and a return on equity of 10.96%. The company earned $203.16 million during the quarter, compared to analysts’ expectations of $209.12 million. During the same period last year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.
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A number of research firms have weighed in on KIRK. Raymond James Financial, Inc. raised Kirkland's from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, March 14th. Zacks Investment Research raised Kirkland's from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, B. Riley raised Kirkland's from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $15.00 in a research report on Monday, March 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Kirkland's currently has a consensus rating of “Buy” and a consensus price target of $17.25.
Kirkland's (NASDAQ:KIRK) opened at 12.24 on Thursday. Kirkland's has a one year low of $10.10 and a one year high of $17.41. The firm has a market capitalization of $194.81 million, a PE ratio of 18.00 and a beta of 1.71. The firm has a 50 day moving average of $11.95 and a 200 day moving average of $13.20.
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Several large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Kirkland's by 835.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,674 shares of the specialty retailer’s stock worth $181,000 after buying an additional 10,426 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of Kirkland's during the third quarter worth about $168,000. Comerica Bank boosted its stake in shares of Kirkland's by 6.4% in the fourth quarter. Comerica Bank now owns 15,448 shares of the specialty retailer’s stock worth $218,000 after buying an additional 932 shares in the last quarter. Mesirow Financial Investment Management Equity Management boosted its stake in shares of Kirkland's by 27.0% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 16,117 shares of the specialty retailer’s stock worth $197,000 after buying an additional 3,425 shares in the last quarter. Finally, Menta Capital LLC bought a new stake in shares of Kirkland's during the fourth quarter worth about $524,000. Institutional investors own 88.78% of the company’s stock.
Kirkland's Company Profile
Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.
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