Perry Ellis International Inc. (PERY) Set to Announce Earnings on Wednesday
Perry Ellis International Inc. (NASDAQ:PERY) is set to post its quarterly earnings results before the market opens on Wednesday, November 15th. Analysts expect Perry Ellis International to post earnings of $0.30 per share for the quarter. Perry Ellis International has set its FY18 guidance at $2.07-2.17 EPS.
Perry Ellis International (NASDAQ:PERY) last announced its quarterly earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share (EPS) 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 business had revenue of $206.60 million for the quarter, compared to the consensus estimate of $204.97 million. During the same period last year, the business posted $0.15 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts expect Perry Ellis International to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Perry Ellis International Inc. (NASDAQ:PERY) opened at $22.52 on Wednesday. Perry Ellis International Inc. has a fifty-two week low of $16.35 and a fifty-two week high of $29.00. The stock has a market capitalization of $352.91, a price-to-earnings ratio of 11.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.17 and a quick ratio of 1.88.
A number of research analysts have recently issued reports on the company. Ifs Securities reiterated an “outperform” rating on shares of Perry Ellis International in a report on Tuesday, October 31st. Zacks Investment Research downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. FBR & Co set a $27.00 price target on Perry Ellis International and gave the company a “buy” rating in a report on Tuesday, October 17th. KeyCorp reiterated a “hold” rating on shares of Perry Ellis International in a report on Tuesday, October 31st. Finally, BidaskClub downgraded Perry Ellis International from a “hold” rating to a “sell” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Perry Ellis International presently has a consensus rating of “Hold” and an average target price of $28.75.
In other news, insider Stanley P. Silverstein sold 13,507 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luis S. Paez sold 3,812 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The disclosure for this sale can be found here. 20.20% of the stock is owned by company insiders.
About Perry Ellis International
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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