$199.60 Million in Sales Expected for Perry Ellis International Inc. (PERY) This Quarter
Wall Street brokerages predict that Perry Ellis International Inc. (NASDAQ:PERY) will report sales of $199.60 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Perry Ellis International’s earnings, with the lowest sales estimate coming in at $199.60 million and the highest estimate coming in at $199.61 million. Perry Ellis International reported sales of $193.96 million in the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The company is scheduled to report its next quarterly earnings results on Thursday, November 16th.
On average, analysts expect that Perry Ellis International will report full-year sales of $199.60 million for the current fiscal year, with estimates ranging from $876.04 million to $876.60 million. For the next financial year, analysts expect that the business will report sales of $896.60 million per share, with estimates ranging from $888.70 million to $904.50 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Perry Ellis International.
Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The company had revenue of $206.60 million for the quarter, compared to analysts’ expectations of $204.97 million. During the same period last year, the firm earned $0.15 earnings per share. Perry Ellis International’s quarterly revenue was up 2.5% on a year-over-year basis.
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In other news, insider Luis S. Paez sold 3,812 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $21.55, for a total value of $82,148.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stanley P. Silverstein sold 13,507 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total transaction of $298,639.77. The disclosure for this sale can be found here. Corporate insiders own 20.20% of the company’s stock.
Several institutional investors have recently modified their holdings of PERY. BNP Paribas Arbitrage SA raised its stake in shares of Perry Ellis International by 42.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock valued at $109,000 after purchasing an additional 1,662 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Perry Ellis International in the 1st quarter valued at about $122,000. SG Americas Securities LLC raised its stake in shares of Perry Ellis International by 46.2% in the 1st quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 1,926 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Perry Ellis International by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock valued at $200,000 after purchasing an additional 359 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Perry Ellis International in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 70.95% of the company’s stock.
Shares of Perry Ellis International (NASDAQ:PERY) opened at 23.07 on Wednesday. Perry Ellis International has a 1-year low of $16.35 and a 1-year high of $29.00. The firm has a market capitalization of $347.76 million, a PE ratio of 20.20 and a beta of 0.64. The firm has a 50-day moving average price of $22.18 and a 200-day moving average price of $20.16.
Perry Ellis International Company Profile
Perry Ellis International, Inc is an apparel company. The Company designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution. It operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.
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