Perry Ellis International (PERY) Releases FY18 Earnings Guidance

Perry Ellis International (NASDAQ:PERY) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.07-2.17 for the period, compared to the Thomson Reuters consensus estimate of $2.15. The company issued revenue guidance of $870-880 million, compared to the consensus revenue estimate of $887.89 million.

Shares of Perry Ellis International (PERY) opened at $25.44 on Friday. The company has a current ratio of 3.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $384.49, a price-to-earnings ratio of 12.88 and a beta of 0.62. Perry Ellis International has a 52-week low of $16.35 and a 52-week high of $29.00.

Perry Ellis International (NASDAQ:PERY) last announced its earnings results on Thursday, November 30th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $198.80 million for the quarter, compared to analysts’ expectations of $199.40 million. Perry Ellis International had a return on equity of 8.95% and a net margin of 3.05%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. equities research analysts forecast that Perry Ellis International will post 2.14 earnings per share for the current fiscal year.

Several analysts have issued reports on PERY shares. Zacks Investment Research cut Perry Ellis International from a buy rating to a hold rating in a research report on Thursday, August 31st. FBR & Co set a $25.00 price objective on Perry Ellis International and gave the company a buy rating in a report on Monday, August 21st. Ifs Securities reiterated an outperform rating on shares of Perry Ellis International in a report on Tuesday, October 31st. KeyCorp reiterated a neutral rating on shares of Perry Ellis International in a report on Friday, September 29th. Finally, BidaskClub lowered Perry Ellis International from a hold rating to a sell rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $29.33.

In other news, insider Luis S. Paez sold 3,812 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stanley P. Silverstein sold 13,507 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total value of $298,639.77. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.

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About Perry Ellis International

Perry Ellis International, Inc is an apparel company. The Company designs, sources, markets and licenses its products nationally and internationally at multiple price points and across all levels of retail distribution. It operates through four segments: Men’s Sportswear and Swim, Women’s Sportswear, Direct-to-Consumer and Licensing.

Earnings History and Estimates for Perry Ellis International (NASDAQ:PERY)

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