Perry Ellis International (NASDAQ:PERY) – Equities research analysts at KeyCorp dropped their Q1 2019 earnings estimates for shares of Perry Ellis International in a report issued on Sunday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $0.71 per share for the quarter, down from their previous estimate of $0.95. KeyCorp also issued estimates for Perry Ellis International’s Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $1.87 EPS and FY2020 earnings at $2.14 EPS.
Perry Ellis International (NASDAQ:PERY) last released its earnings results on Friday, March 16th. The textile maker reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. Perry Ellis International had a net margin of 6.48% and a return on equity of 9.55%. The business had revenue of $227.00 million during the quarter, compared to analysts’ expectations of $229.03 million. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Perry Ellis International from a “hold” rating to a “strong sell” rating in a research note on Thursday. DA Davidson began coverage on Perry Ellis International in a research note on Thursday, February 8th. They issued a “neutral” rating and a $28.00 price target for the company. ValuEngine raised Perry Ellis International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Finally, BidaskClub downgraded Perry Ellis International from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.75.
PERY stock traded down $0.33 during mid-day trading on Wednesday, reaching $25.60. 46,800 shares of the company’s stock were exchanged, compared to its average volume of 94,098. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 2.78. Perry Ellis International has a 1 year low of $16.35 and a 1 year high of $27.30. The company has a market capitalization of $408.15, a PE ratio of 12.29, a price-to-earnings-growth ratio of 4.66 and a beta of 0.46.
Hedge funds have recently made changes to their positions in the stock. LSV Asset Management acquired a new position in Perry Ellis International in the fourth quarter valued at approximately $108,000. MetLife Investment Advisors LLC acquired a new position in Perry Ellis International in the fourth quarter valued at approximately $183,000. BNP Paribas Arbitrage SA lifted its stake in Perry Ellis International by 41.6% in the third quarter. BNP Paribas Arbitrage SA now owns 7,924 shares of the textile maker’s stock valued at $187,000 after buying an additional 2,327 shares during the period. Wells Fargo & Company MN lifted its stake in Perry Ellis International by 3.6% in the second quarter. Wells Fargo & Company MN now owns 10,282 shares of the textile maker’s stock valued at $200,000 after buying an additional 359 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Perry Ellis International by 12.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,504 shares of the textile maker’s stock valued at $224,000 after buying an additional 1,263 shares during the period. Institutional investors and hedge funds own 74.36% of the company’s stock.
About Perry Ellis International
Perry Ellis International, Inc designs, sources, markets, and licenses apparel products and accessories. The company operates through Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing segments. It offers men's wear, such as career and casual sportswear, golf apparel, sports apparel, swimwear, activewear, and accessories; and women's wear, including dresses, sportswear, swimwear, activewear, and accessories.
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