Perry Ellis International, Inc. (NASDAQ:PERY) – KeyCorp raised their Q2 2018 earnings per share estimates for Perry Ellis International in a note issued to investors on Thursday, according to Zacks Investment Research. KeyCorp analyst E. Yruma now anticipates that the textile maker will post earnings per share of $0.30 for the quarter, up from their prior estimate of $0.26. KeyCorp also issued estimates for Perry Ellis International’s Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $2.11 EPS and FY2019 earnings at $2.26 EPS.
Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Wednesday, March 22nd. The textile maker reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Perry Ellis International had a positive return on equity of 8.73% and a negative net margin of 1.40%. The firm had revenue of $204 million for the quarter, compared to analyst estimates of $229.68 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was down 4.7% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Perry Ellis International, Inc. to Post Q2 2018 Earnings of $0.30 Per Share, KeyCorp Forecasts (PERY)” was first posted by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/q2-2018-earnings-forecast-for-perry-ellis-international-inc-pery-issued-by-keycorp-updated-updated/525969.html.
Several other equities analysts have also issued reports on PERY. Zacks Investment Research upgraded shares of Perry Ellis International from a “sell” rating to a “hold” rating in a report on Saturday, April 8th. Sidoti upgraded shares of Perry Ellis International from a “neutral” rating to a “buy” rating in a report on Thursday, February 2nd. TheStreet lowered shares of Perry Ellis International from a “b-” rating to a “c+” rating in a report on Monday, January 9th. Finally, Wunderlich reiterated a “buy” rating and set a $35.00 target price on shares of Perry Ellis International in a report on Tuesday, March 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.75.
Perry Ellis International (NASDAQ:PERY) traded down 4.45% during midday trading on Friday, hitting $21.25. The company’s stock had a trading volume of 80,490 shares. Perry Ellis International has a 52-week low of $16.24 and a 52-week high of $29.00. The stock has a 50 day moving average of $21.64 and a 200 day moving average of $22.53. The company has a market cap of $318.67 million, a PE ratio of 22.37 and a beta of 0.75.
Institutional investors have recently made changes to their positions in the company. Numeric Investors LLC purchased a new position in shares of Perry Ellis International during the fourth quarter worth $2,541,000. Russell Investments Group Ltd. purchased a new position in shares of Perry Ellis International during the fourth quarter worth $2,367,000. Matarin Capital Management LLC purchased a new position in shares of Perry Ellis International during the third quarter worth $1,415,000. Acadian Asset Management LLC raised its position in shares of Perry Ellis International by 131.5% in the third quarter. Acadian Asset Management LLC now owns 99,211 shares of the textile maker’s stock worth $1,914,000 after buying an additional 56,363 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Perry Ellis International by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 485,700 shares of the textile maker’s stock worth $12,099,000 after buying an additional 56,000 shares during the last quarter. Institutional investors own 70.10% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Perry Ellis International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perry Ellis International Inc. and related companies with our FREE daily email newsletter.