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.

A number of other brokerages also recently weighed in on PIR. ValuEngine downgraded Pier 1 Imports from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. Zacks Investment Research raised Pier 1 Imports from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Morgan Stanley reaffirmed an “underweight” rating and issued a $4.20 target price (down previously from $4.60) on shares of Pier 1 Imports in a report on Thursday, September 28th. Loop Capital downgraded Pier 1 Imports from a “buy” rating to a “hold” rating and reduced their target price for the company from $8.00 to $4.00 in a report on Thursday, September 28th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $5.90 target price on shares of Pier 1 Imports in a report on Sunday, September 3rd. Eight investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Pier 1 Imports presently has a consensus rating of “Hold” and an average target price of $4.78.

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%.

ILLEGAL ACTIVITY WARNING: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://www.watchlistnews.com/fy2018-earnings-estimate-for-pier-1-imports-inc-pir-issued-by-wedbush/1773411.html.

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.

Earnings History and Estimates for Pier 1 Imports (NYSE:PIR)

Receive News & Ratings for Pier 1 Imports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports and related companies with MarketBeat.com's FREE daily email newsletter.