Equities research analysts expect Pier 1 Imports Inc (NYSE:PIR) to report earnings per share of ($0.55) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Pier 1 Imports’ earnings. The highest EPS estimate is ($0.53) and the lowest is ($0.56). Pier 1 Imports reported earnings of ($0.05) per share during the same quarter last year, which indicates a negative year over year growth rate of 1,000%. The business is scheduled to issue its next earnings report on Wednesday, September 26th.
On average, analysts expect that Pier 1 Imports will report full-year earnings of ($0.41) per share for the current financial year, with EPS estimates ranging from ($0.57) to ($0.30). For the next year, analysts anticipate that the business will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.14) to $0.05. Zacks’ EPS calculations are an average based on a survey of analysts that cover Pier 1 Imports.
Pier 1 Imports (NYSE:PIR) last issued its quarterly earnings results on Wednesday, June 27th. The specialty retailer reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.03. Pier 1 Imports had a negative return on equity of 3.26% and a negative net margin of 0.79%. The firm had revenue of $371.90 million for the quarter, compared to analysts’ expectations of $375.45 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year.
Shares of NYSE PIR traded down $0.14 during trading on Friday, reaching $1.99. 1,822,121 shares of the stock traded hands, compared to its average volume of 863,292. Pier 1 Imports has a 52-week low of $1.98 and a 52-week high of $5.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.11 and a quick ratio of 0.86. The stock has a market capitalization of $182.49 million, a PE ratio of 9.48 and a beta of 1.53.
Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in shares of Pier 1 Imports by 21.6% during the 4th quarter. Wells Fargo & Company MN now owns 129,099 shares of the specialty retailer’s stock valued at $535,000 after purchasing an additional 22,911 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Pier 1 Imports by 33.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 92,895 shares of the specialty retailer’s stock valued at $299,000 after purchasing an additional 23,089 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Pier 1 Imports by 5.8% during the 4th quarter. Two Sigma Advisers LP now owns 475,838 shares of the specialty retailer’s stock valued at $1,970,000 after purchasing an additional 26,267 shares during the last quarter. BlackRock Inc. increased its position in shares of Pier 1 Imports by 0.5% during the 4th quarter. BlackRock Inc. now owns 5,600,050 shares of the specialty retailer’s stock valued at $23,184,000 after purchasing an additional 26,539 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its position in shares of Pier 1 Imports by 278.8% during the 1st quarter. MetLife Investment Advisors LLC now owns 40,720 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 29,971 shares during the last quarter. Institutional investors own 73.18% of the company’s stock.
About Pier 1 Imports
Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.
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