Pier 1 Imports, Inc. (PIR) Set to Announce Earnings on Tuesday
Pier 1 Imports, Inc. (NYSE:PIR) will be releasing its earnings data after the market closes on Tuesday, September 26th. Analysts expect Pier 1 Imports to post earnings of ($0.06) per share for the quarter. Pier 1 Imports has set its Q2 guidance at ($0.08-0.04) EPS and its FY18 guidance at $0.46-0.52 EPS.
Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, June 28th. The specialty retailer reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $409.50 million during the quarter, compared to analyst estimates of $420.80 million. Pier 1 Imports had a return on equity of 13.96% and a net margin of 1.82%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, analysts expect Pier 1 Imports to post $0.47 EPS for the current fiscal year and $0.49 EPS for the next fiscal year.
Pier 1 Imports, Inc. (NYSE:PIR) opened at 4.71 on Tuesday. The company has a market capitalization of $381.89 million, a price-to-earnings ratio of 11.75 and a beta of 1.69. The stock’s 50 day moving average price is $4.37 and its 200 day moving average price is $5.56. Pier 1 Imports, Inc. has a 12-month low of $3.96 and a 12-month high of $9.68.
A number of brokerages have commented on PIR. Morgan Stanley cut their price target on shares of Pier 1 Imports from $5.50 to $5.00 and set an “underweight” rating for the company in a research note on Friday, June 30th. Deutsche Bank AG dropped their price objective on shares of Pier 1 Imports from $6.25 to $5.00 and set a “sell” rating for the company in a report on Wednesday, May 31st. Johnson Rice lowered shares of Pier 1 Imports from an “accumulate” rating to a “hold” rating in a report on Thursday, June 29th. Loop Capital reaffirmed a “buy” rating and set a $10.00 price objective (down previously from $12.00) on shares of Pier 1 Imports in a report on Thursday, June 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Pier 1 Imports in a report on Friday, September 8th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Pier 1 Imports presently has a consensus rating of “Hold” and a consensus price target of $5.69.
Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.
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