Party City Holdco (NYSE:PRTY) posted its earnings results on Thursday. The specialty retailer reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01, Bloomberg Earnings reports. The company had revenue of $561.00 million during the quarter, compared to analyst estimates of $560.95 million. Party City Holdco had a return on equity of 14.56% and a net margin of 9.11%. Party City Holdco’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Party City Holdco updated its FY18 guidance to $1.76-1.87 EPS.
Shares of Party City Holdco traded down $0.80, reaching $15.10, during trading hours on Friday, MarketBeat.com reports. 8,070,500 shares of the company’s stock were exchanged, compared to its average volume of 913,529. The company has a market cap of $1.50 billion, a PE ratio of 12.46, a PEG ratio of 0.40 and a beta of 2.11. The company has a current ratio of 1.27, a quick ratio of 0.38 and a debt-to-equity ratio of 1.57. Party City Holdco has a fifty-two week low of $9.50 and a fifty-two week high of $16.95.
In other news, major shareholder H. Lee Equity Fund Vi Thomas sold 12,000,000 shares of the company’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $15.00, for a total transaction of $180,000,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerald C. Rittenberg sold 196,457 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $16.00, for a total value of $3,143,312.00. Following the transaction, the director now directly owns 8,169 shares in the company, valued at $130,704. The disclosure for this sale can be found here. Corporate insiders own 6.47% of the company’s stock.
About Party City Holdco
Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories and novelties, stationery, and decorations.
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