FY2018 Earnings Estimate for Pier 1 Imports Inc (PIR) Issued By Wedbush
Pier 1 Imports Inc (NYSE:PIR) – Analysts at Wedbush dropped their FY2018 earnings per share (EPS) estimates for shares of Pier 1 Imports in a research note issued to investors on Thursday. Wedbush analyst S. Basham now forecasts that the specialty retailer will post earnings per share of $0.16 for the year, down from their previous forecast of $0.39. Wedbush also issued estimates for Pier 1 Imports’ Q4 2018 earnings at $0.17 EPS, Q1 2019 earnings at ($0.06) EPS, Q2 2019 earnings at ($0.11) EPS, FY2019 earnings at $0.14 EPS and FY2020 earnings at $0.03 EPS.
Pier 1 Imports (NYSE:PIR) last issued its earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The business had revenue of $469.20 million during the quarter, compared to analyst estimates of $466.60 million. Pier 1 Imports had a net margin of 1.28% and a return on equity of 10.17%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS.
Shares of Pier 1 Imports (NYSE PIR) traded up $0.04 during mid-day trading on Monday, hitting $4.16. The company’s stock had a trading volume of 2,807,717 shares, compared to its average volume of 2,287,800. The firm has a market cap of $344.38, a P/E ratio of 12.09, a PEG ratio of -6.85 and a beta of 1.85. Pier 1 Imports has a 52-week low of $3.96 and a 52-week high of $9.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 2.14.
Several institutional investors and hedge funds have recently made changes to their positions in PIR. Aperio Group LLC bought a new position in Pier 1 Imports during the 2nd quarter worth $103,000. Oppenheimer & Co. Inc. raised its position in Pier 1 Imports by 149.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 18,800 shares during the last quarter. SG Americas Securities LLC bought a new position in Pier 1 Imports during the 2nd quarter worth $178,000. Public Employees Retirement System of Ohio raised its position in Pier 1 Imports by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 37,431 shares of the specialty retailer’s stock worth $194,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Pier 1 Imports during the 2nd quarter worth $206,000. Institutional investors own 77.92% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Tuesday, January 16th. Pier 1 Imports’s payout ratio is 100.00%.
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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