Capri Holdings Ltd (CPRI) Expected to Announce Earnings of $0.63 Per Share

Wall Street brokerages expect Capri Holdings Ltd (NYSE:CPRI) to announce $0.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Capri’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.83. Capri also posted earnings per share of $0.63 during the same quarter last year. The firm is expected to report its next quarterly earnings report on Wednesday, May 29th.

On average, analysts expect that Capri will report full-year earnings of $4.97 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.05. For the next year, analysts expect that the company will post earnings of $5.05 per share, with EPS estimates ranging from $4.93 to $5.30. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Capri.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.46 billion. Capri had a net margin of 11.19% and a return on equity of 35.44%. Capri’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS.

A number of equities analysts have weighed in on the stock. Guggenheim reaffirmed a “hold” rating on shares of Capri in a research note on Wednesday, February 6th. Zacks Investment Research cut shares of Capri from a “hold” rating to a “strong sell” rating in a research note on Thursday. ValuEngine raised shares of Capri from a “strong sell” rating to a “sell” rating in a research report on Friday. Wolfe Research reaffirmed an “outperform” rating and set a $53.00 price target (down from $63.00) on shares of Capri in a research report on Friday, February 1st. Finally, Needham & Company LLC reduced their price objective on shares of Capri from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $58.75.

In other news, SVP Cathy Marie Robinson sold 3,648 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $47.00, for a total transaction of $171,456.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.00% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of CPRI. Financial Gravity Companies Inc. purchased a new position in Capri in the fourth quarter worth about $144,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Capri during the 4th quarter valued at approximately $386,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Capri during the 4th quarter valued at $425,000. DNB Asset Management AS purchased a new position in Capri during the 4th quarter valued at $618,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Capri in the 4th quarter worth $3,845,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Shares of Capri stock traded down $0.52 during trading on Monday, hitting $45.51. 2,584,000 shares of the company’s stock traded hands, compared to its average volume of 2,812,861. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 2.48. Capri has a twelve month low of $35.68 and a twelve month high of $75.96. The firm has a market cap of $6.94 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 1.41 and a beta of 0.60.

About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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