Party City Holdco Inc. (PRTY) to Release Earnings on Thursday
Party City Holdco Inc. (NYSE:PRTY) is set to post its quarterly earnings results before the market opens on Thursday, November 9th. Analysts expect Party City Holdco to post earnings of $0.13 per share for the quarter.
Party City Holdco (NYSE:PRTY) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $544.90 million for the quarter, compared to the consensus estimate of $545.59 million. Party City Holdco had a net margin of 4.97% and a return on equity of 13.97%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. On average, analysts expect Party City Holdco to post $1.25 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
In related news, insider Ryan T. Vero acquired 2,921 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of $13.70 per share, with a total value of $40,017.70. Following the completion of the acquisition, the insider now directly owns 2,921 shares in the company, valued at approximately $40,017.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James M. Harrison acquired 65,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were bought at an average cost of $14.50 per share, for a total transaction of $942,500.00. Following the completion of the acquisition, the chief executive officer now owns 969 shares of the company’s stock, valued at $14,050.50. The disclosure for this purchase can be found here. Company insiders own 5.02% of the company’s stock.
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PRTY has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Party City Holdco from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Saturday, September 16th. ValuEngine raised shares of Party City Holdco from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, BMO Capital Markets set a $16.00 price target on shares of Party City Holdco and gave the stock a “hold” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Party City Holdco presently has an average rating of “Buy” and an average target price of $16.67.
About Party City Holdco
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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