Pier 1 Imports (NYSE:PIR) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.16-0.24 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of +1-3% to $533-544 million, compared to the consensus revenue estimate of $558.02 million.
Shares of Pier 1 Imports (PIR) traded up $0.18 during trading hours on Wednesday, hitting $5.46. The stock had a trading volume of 2,612,400 shares, compared to its average volume of 2,185,056. Pier 1 Imports has a one year low of $3.96 and a one year high of $9.67. The firm has a market cap of $442.41, a price-to-earnings ratio of 11.23, a PEG ratio of -12.42 and a beta of 1.85. 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 (NYSE:PIR) last announced its quarterly earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The business had revenue of $407.61 million for the quarter, compared to analyst estimates of $406.32 million. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. Pier 1 Imports’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. equities research analysts anticipate that Pier 1 Imports will post 0.43 EPS for the current fiscal year.
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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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