Brokerages predict that Perry Ellis International Inc. (NASDAQ:PERY) will post earnings of $0.25 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued 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 firm is scheduled to announce its next quarterly 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 financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $2.39 per share, with EPS estimates ranging from $2.38 to $2.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Perry Ellis International.
Perry Ellis International (NASDAQ:PERY) last announced its earnings results on Thursday, August 24th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The company had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $204.97 million. Perry Ellis International had a net margin of 2.08% and a return on equity of 9.05%. Perry Ellis International’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share.
PERY has been the subject of several research reports. FBR & Co set a $25.00 price target on Perry Ellis International and gave the stock a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research upgraded 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 downgraded Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Perry Ellis International in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $28.25.
In other Perry Ellis International news, insider Stanley P. Silverstein sold 13,507 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.11, for a total value of $298,639.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Luis S. Paez sold 3,812 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.55, for a total value of $82,148.60. The disclosure for this sale can be found here. 22.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PERY. BNP Paribas Arbitrage SA boosted its stake in Perry Ellis International by 42.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,597 shares of the textile maker’s stock worth $109,000 after purchasing an additional 1,662 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Perry Ellis International in the 1st quarter worth about $122,000. SG Americas Securities LLC boosted its stake in Perry Ellis International by 46.2% in the 1st quarter. SG Americas Securities LLC now owns 6,099 shares of the textile maker’s stock worth $131,000 after purchasing an additional 1,926 shares during the period. Wells Fargo & Company MN boosted its stake in Perry Ellis International by 3.6% in the 2nd 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. Finally, KBC Group NV bought a new position in Perry Ellis International in the 2nd quarter worth about $213,000. Institutional investors and hedge funds own 70.95% of the company’s stock.
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Perry Ellis International Company Profile
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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