Pier 1 Imports (PIR) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Pier 1 Imports (NYSE:PIR) announced its earnings results on Tuesday. The specialty retailer reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02), Bloomberg Earnings reports. Pier 1 Imports had a negative net margin of 1.92% and a negative return on equity of 11.50%. The firm had revenue of $469.20 million for the quarter, compared to the consensus estimate of $466.60 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.
Pier 1 Imports (PIR) traded up $0.38 during trading hours on Wednesday, hitting $5.84. The company had a trading volume of 7,294,083 shares, compared to its average volume of 2,206,113. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.23 and a quick ratio of 0.43. Pier 1 Imports has a fifty-two week low of $3.96 and a fifty-two week high of $9.67. The firm has a market cap of $442.41, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of -12.42 and a beta of 1.85.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.79%. Pier 1 Imports’s dividend payout ratio (DPR) is 77.78%.
About Pier 1 Imports
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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