Purple Innovation (NASDAQ:PRPL) – Analysts at Wedbush dropped their Q2 2018 EPS estimates for Purple Innovation in a research report issued on Wednesday, May 16th. Wedbush analyst S. Basham now expects that the company will post earnings of ($0.06) per share for the quarter, down from their previous forecast of $0.02. Wedbush currently has a “Outperform” rating and a $11.00 target price on the stock. Wedbush also issued estimates for Purple Innovation’s Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.12) EPS, Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.00 EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at ($0.03) EPS and FY2020 earnings at $0.11 EPS.
Shares of NASDAQ:PRPL opened at $6.60 on Friday. Purple Innovation has a 1-year low of $7.40 and a 1-year high of $8.90. The company has a quick ratio of 0.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.36.
About Purple Innovation
Purple Innovation, Inc designs and manufactures mattresses, pillows, and cushions. The company markets and sells its products through direct-to-consumer and retail channels. Purple Innovation, Inc was founded in 2010 and is headquartered in Alpine, Utah.
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