Equities research analysts expect that Perry Ellis International, Inc. (NASDAQ:PERY) will announce earnings of $0.72 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Perry Ellis International’s earnings. Perry Ellis International posted earnings per share of $1.01 in the same quarter last year, which would suggest a negative year-over-year growth rate of 28.7%. The business is expected to issue its next earnings results on Thursday, May 18th.
According to Zacks, analysts expect that Perry Ellis International will report full-year earnings of $2.11 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $2.28 per share, with EPS estimates ranging from $2.26 to $2.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Perry Ellis International.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Wednesday, March 22nd. The textile maker reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. The business had revenue of $204 million for the quarter, compared to the consensus estimate of $229.68 million. Perry Ellis International had a negative net margin of 1.40% and a positive return on equity of 8.73%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share.
Several research analysts recently issued reports on the stock. TheStreet downgraded shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research report on Monday, January 9th. Zacks Investment Research downgraded shares of Perry Ellis International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 19th. Sidoti upgraded shares of Perry Ellis International from a “neutral” rating to a “buy” rating in a research report on Thursday, February 2nd. Finally, Wunderlich reiterated a “buy” rating and set a $35.00 price target on shares of Perry Ellis International in a research report on Tuesday, March 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $28.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Perry Ellis International by 48.2% in the third quarter. Wells Fargo & Company MN now owns 5,900 shares of the textile maker’s stock worth $114,000 after buying an additional 1,920 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in Perry Ellis International during the fourth quarter worth about $200,000. Comerica Bank increased its position in Perry Ellis International by 5.9% in the fourth quarter. Comerica Bank now owns 12,848 shares of the textile maker’s stock worth $318,000 after buying an additional 715 shares during the last quarter. Bessemer Group Inc. acquired a new position in Perry Ellis International during the fourth quarter worth about $329,000. Finally, Teachers Advisors LLC increased its position in Perry Ellis International by 11.5% in the fourth quarter. Teachers Advisors LLC now owns 21,232 shares of the textile maker’s stock worth $529,000 after buying an additional 2,184 shares during the last quarter. Institutional investors own 70.10% of the company’s stock.
Shares of Perry Ellis International (NASDAQ:PERY) traded down 0.05% on Friday, reaching $21.24. 88,770 shares of the company were exchanged. Perry Ellis International has a 12 month low of $16.24 and a 12 month high of $29.00. The stock has a market capitalization of $318.52 million, a P/E ratio of 22.36 and a beta of 0.75. The stock has a 50 day moving average price of $21.52 and a 200-day moving average price of $22.61.
About Perry Ellis International
Perry Ellis International, Inc is an apparel company. The Company designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution. It operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.
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