Capri Holdings Limited (NYSE:CPRI) Expected to Announce Earnings of -$0.02 Per Share


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Analysts forecast that Capri Holdings Limited (NYSE:CPRI) will report earnings of ($0.02) per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Capri’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.07). Capri reported earnings of $0.11 per share in the same quarter last year, which would indicate a negative year over year growth rate of 118.2%. The firm is expected to issue its next earnings results before the market opens on Wednesday, May 26th.

According to Zacks, analysts expect that Capri will report full year earnings of $1.50 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.55. For the next fiscal year, analysts anticipate that the company will report earnings of $3.60 per share, with EPS estimates ranging from $3.30 to $4.14. Zacks’ EPS averages are an average based on a survey of analysts that follow Capri.

Capri (NYSE:CPRI) last released its quarterly earnings results on Tuesday, February 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.01 by $0.64. Capri had a negative net margin of 9.23% and a positive return on equity of 11.13%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The company’s quarterly revenue was down 17.1% on a year-over-year basis.

CPRI has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Capri from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 2nd. Telsey Advisory Group boosted their price target on shares of Capri from $28.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, January 29th. Barclays lifted their price objective on shares of Capri from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 4th. Robert W. Baird raised Capri from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $48.00 to $58.00 in a research note on Friday, January 29th. Finally, Wells Fargo & Company boosted their target price on Capri from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 23rd. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.40.

Shares of NYSE CPRI traded up $0.15 during midday trading on Tuesday, reaching $57.56. 1,119,780 shares of the company traded hands, compared to its average volume of 2,705,524. The company has a market cap of $8.69 billion, a price-to-earnings ratio of -21.24, a PEG ratio of 6.29 and a beta of 2.31. The stock has a 50-day moving average price of $52.70 and a 200 day moving average price of $42.54. Capri has a 52 week low of $11.60 and a 52 week high of $58.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.45.

In other news, SVP Daniel Purefoy sold 687 shares of the stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $53.60, for a total transaction of $36,823.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in Capri by 215.5% during the 4th quarter. FMR LLC now owns 22,595,742 shares of the company’s stock worth $949,022,000 after buying an additional 15,434,959 shares during the period. Senvest Management LLC raised its holdings in shares of Capri by 25.5% in the fourth quarter. Senvest Management LLC now owns 3,628,845 shares of the company’s stock valued at $152,411,000 after purchasing an additional 738,301 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Capri by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,753,892 shares of the company’s stock worth $115,681,000 after acquiring an additional 155,285 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Capri by 36.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,019,134 shares of the company’s stock worth $84,805,000 after buying an additional 536,267 shares during the last quarter. Finally, Norges Bank bought a new stake in Capri in the fourth quarter valued at approximately $79,072,000. Institutional investors own 84.80% of the company’s stock.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company's Versace segment offers ready-to-wear, accessories, footwear, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.

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Earnings History and Estimates for Capri (NYSE:CPRI)

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