Equities analysts predict that Party City Holdco Inc. (NYSE:PRTY) will announce earnings per share (EPS) of $0.26 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Party City Holdco’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.27. Party City Holdco reported earnings per share of $0.23 in the same quarter last year, which would indicate a positive year over year growth rate of 13%. The business is expected to report its next earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Party City Holdco will report full-year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.23 to $1.25. For the next fiscal year, analysts anticipate that the company will report earnings of $1.42 per share, with EPS estimates ranging from $1.38 to $1.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Party City Holdco.

Party City Holdco (NYSE:PRTY) last announced its quarterly earnings results on Tuesday, May 9th. The specialty retailer reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $477 million during the quarter, compared to analysts’ expectations of $476.91 million. Party City Holdco had a return on equity of 13.81% and a net margin of 4.92%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS.

A number of research analysts have weighed in on PRTY shares. BMO Capital Markets restated a “market perform” rating and issued a $16.00 price target (down from $18.00) on shares of Party City Holdco in a research note on Wednesday, March 15th. BidaskClub downgraded Party City Holdco from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded Party City Holdco from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. Credit Suisse Group set a $19.00 price target on Party City Holdco and gave the company a “buy” rating in a research note on Monday, March 13th. Finally, TheStreet upgraded Party City Holdco from a “d+” rating to a “c-” rating in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.86.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc increased its position in shares of Party City Holdco by 14.0% in the first quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 881 shares in the last quarter. Highbridge Capital Management LLC increased its position in shares of Party City Holdco by 380.9% in the fourth quarter. Highbridge Capital Management LLC now owns 11,518 shares of the specialty retailer’s stock valued at $163,000 after buying an additional 15,618 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Party City Holdco during the first quarter valued at approximately $170,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Party City Holdco during the first quarter valued at approximately $171,000. Finally, PEAK6 Investments L.P. acquired a new position in shares of Party City Holdco during the first quarter valued at approximately $194,000.

Shares of Party City Holdco (NYSE:PRTY) traded down 0.32% during midday trading on Tuesday, hitting $15.35. The company had a trading volume of 215,005 shares. The firm has a market capitalization of $1.83 billion, a P/E ratio of 16.28 and a beta of 2.76. Party City Holdco has a 12-month low of $12.65 and a 12-month high of $19.10. The firm’s 50-day moving average is $15.87 and its 200-day moving average is $14.93.

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Party City Holdco Company Profile

Party City Holdco Inc is a holding company with no operating assets or operations. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC (PC Nextco), which owned PC Intermediate Holdings, Inc (PC Intermediate). As of December 31, 2016, PC Intermediate owned Party City Holdings Inc (PCHI).

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