Wall Street analysts expect Perry Ellis International Inc. (NASDAQ:PERY) to post earnings per share of $0.25 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Perry Ellis International’s earnings. Perry Ellis International posted earnings of $0.23 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The company is scheduled to announce its next earnings report on Thursday, November 16th.
According to Zacks, analysts expect that Perry Ellis International will report full year earnings of $2.17 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.39 per share, with EPS estimates ranging from $2.38 to $2.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Perry Ellis International.
Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings data on Thursday, August 24th. The textile maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. Perry Ellis International had a return on equity of 9.05% and a net margin of 2.08%. The firm had revenue of $206.60 million for the quarter, compared to the consensus estimate of $204.97 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis.
Several equities research analysts have recently weighed in on PERY shares. Zacks Investment Research raised Perry Ellis International from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, September 1st. TheStreet cut Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. KeyCorp reissued a “neutral” rating on shares of Perry Ellis International in a research note on Friday, September 29th. FBR & Co set a $25.00 price target on Perry Ellis International and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, BidaskClub cut Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.25.
Perry Ellis International (NASDAQ PERY) traded down 1.13% during trading on Monday, reaching $22.85. The company had a trading volume of 57,367 shares. Perry Ellis International has a 52-week low of $16.35 and a 52-week high of $29.00. The company has a 50 day moving average price of $22.00 and a 200 day moving average price of $20.15. The company has a market capitalization of $344.44 million, a PE ratio of 20.01 and a beta of 0.64.
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In related news, insider Luis S. Paez sold 3,812 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stanley P. Silverstein sold 13,507 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The disclosure for this sale can be found here. Corporate insiders own 20.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in Perry Ellis International by 1.1% during the second quarter. Rhumbline Advisers now owns 27,025 shares of the textile maker’s stock worth $526,000 after purchasing an additional 295 shares during the period. Wells Fargo & Company MN grew its stake in Perry Ellis International by 3.6% during the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock worth $200,000 after purchasing an additional 359 shares during the period. Comerica Bank grew its stake in Perry Ellis International by 3.9% during the first quarter. Comerica Bank now owns 13,351 shares of the textile maker’s stock worth $286,000 after purchasing an additional 503 shares during the period. Public Employees Retirement System of Ohio grew its stake in Perry Ellis International by 4.0% during the first quarter. Public Employees Retirement System of Ohio now owns 25,631 shares of the textile maker’s stock worth $551,000 after purchasing an additional 993 shares during the period. Finally, New York State Teachers Retirement System grew its stake in Perry Ellis International by 4.6% during the first quarter. New York State Teachers Retirement System now owns 27,416 shares of the textile maker’s stock worth $589,000 after purchasing an additional 1,200 shares during the period. 70.95% of the stock is owned by institutional investors and hedge funds.
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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