Analysts Anticipate Capri Holdings Limited (NYSE:CPRI) to Announce $0.95 EPS

Wall Street analysts expect that Capri Holdings Limited (NYSE:CPRI) will announce $0.95 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Capri’s earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $0.90. Capri reported earnings per share of $0.90 in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The company is expected to announce its next quarterly earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Capri will report full-year earnings of $4.53 per share for the current financial year, with EPS estimates ranging from $4.49 to $4.64. For the next fiscal year, analysts forecast that the firm will post earnings of $5.34 per share, with EPS estimates ranging from $5.05 to $5.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Capri.

Capri (NYSE:CPRI) last announced its earnings results on Thursday, July 29th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.62. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Capri had a return on equity of 29.12% and a net margin of 6.93%. Capri’s quarterly revenue was up 177.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.04) earnings per share.

Several brokerages recently issued reports on CPRI. The Goldman Sachs Group assumed coverage on Capri in a research report on Wednesday, July 14th. They set a “neutral” rating and a $56.00 target price on the stock. Jefferies Financial Group lifted their price target on Capri from $60.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, May 27th. Evercore ISI reiterated a “buy” rating and set a $75.00 price target on shares of Capri in a report on Thursday, July 1st. Telsey Advisory Group lifted their price target on Capri from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Monday, August 2nd. Finally, lifted their price target on Capri from $64.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, June 30th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $65.95.

In related news, Director Stephen F. Reitman sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $56.23, for a total transaction of $562,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Krista A. Mcdonough sold 17,000 shares of the business’s stock in a transaction dated Thursday, August 26th. The stock was sold at an average price of $58.23, for a total value of $989,910.00. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its holdings in shares of Capri by 13.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 831,085 shares of the company’s stock worth $47,530,000 after purchasing an additional 100,113 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Capri in the 2nd quarter worth about $582,000. Marshall Wace LLP boosted its holdings in shares of Capri by 93.1% in the 2nd quarter. Marshall Wace LLP now owns 262,781 shares of the company’s stock worth $15,028,000 after purchasing an additional 126,709 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Capri in the 2nd quarter worth about $1,576,000. Finally, Weld Capital Management LLC purchased a new position in shares of Capri in the 2nd quarter worth about $366,000. Institutional investors and hedge funds own 84.91% of the company’s stock.

Shares of NYSE:CPRI opened at $51.62 on Thursday. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.44 and a beta of 2.51. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.49. Capri has a 12-month low of $17.11 and a 12-month high of $61.25. The business’s 50 day moving average is $54.90 and its 200 day moving average is $54.30.

About Capri

Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.

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