$0.23 Earnings Per Share Expected for Pier 1 Imports Inc (PIR) This Quarter
Equities analysts expect Pier 1 Imports Inc (NYSE:PIR) to announce earnings of $0.23 per share for the current quarter, according to Zacks. Five analysts have made estimates for Pier 1 Imports’ earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.16. Pier 1 Imports posted earnings of $0.34 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 32.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, April 11th.
On average, analysts expect that Pier 1 Imports will report full year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.41. For the next fiscal year, analysts expect that the firm will post earnings of $0.23 per share, with EPS estimates ranging from $0.11 to $0.35. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Pier 1 Imports.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings data on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. The firm had revenue of $469.20 million for the quarter, compared to analyst estimates of $466.60 million. During the same quarter in the previous year, the company earned $0.22 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.
Several analysts have issued reports on the company. Zacks Investment Research cut Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Gordon Haskett cut Pier 1 Imports from a “hold” rating to a “sell” rating and set a $3.50 price objective on the stock. in a research note on Thursday, December 14th. Loop Capital set a $4.00 price objective on Pier 1 Imports and gave the company a “hold” rating in a research note on Thursday, December 14th. ValuEngine upgraded Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Finally, UBS Group restated a “sell” rating and set a $3.50 price objective (down previously from $4.00) on shares of Pier 1 Imports in a research note on Saturday, September 30th. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Pier 1 Imports presently has an average rating of “Hold” and an average target price of $4.78.
Shares of Pier 1 Imports (PIR) traded down $0.02 during midday trading on Thursday, reaching $4.18. The company’s stock had a trading volume of 2,409,601 shares, compared to its average volume of 2,092,249. Pier 1 Imports has a 12-month low of $3.96 and a 12-month high of $8.63. The firm has a market capitalization of $348.39, a PE ratio of 12.29, a P/E/G ratio of -6.97 and a beta of 1.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.14 and a quick ratio of 0.61.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 6.70%. The ex-dividend date is Tuesday, January 16th. Pier 1 Imports’s dividend payout ratio is currently 100.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Pier 1 Imports by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,436 shares of the specialty retailer’s stock valued at $335,000 after acquiring an additional 326 shares during the period. Rhumbline Advisers increased its position in Pier 1 Imports by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 107,812 shares of the specialty retailer’s stock valued at $560,000 after acquiring an additional 491 shares during the period. Public Employees Retirement System of Ohio increased its position in Pier 1 Imports by 4.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock valued at $194,000 after acquiring an additional 1,583 shares during the period. Federated Investors Inc. PA increased its position in Pier 1 Imports by 2.1% in the 2nd quarter. Federated Investors Inc. PA now owns 78,792 shares of the specialty retailer’s stock valued at $409,000 after acquiring an additional 1,636 shares during the period. Finally, Tudor Investment Corp ET AL increased its position in Pier 1 Imports by 5.6% in the 2nd quarter. Tudor Investment Corp ET AL now owns 92,622 shares of the specialty retailer’s stock valued at $481,000 after acquiring an additional 4,935 shares during the period. Hedge funds and other institutional investors own 77.92% of the company’s stock.
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Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.
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