$0.63 EPS Expected for Capri Holdings Ltd (CPRI) This Quarter

Brokerages expect Capri Holdings Ltd (NYSE:CPRI) to report $0.63 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have provided estimates for Capri’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.83. Capri also posted earnings of $0.63 per share during the same quarter last year. The business is expected to issue its next earnings report on Wednesday, May 29th.

According to Zacks, analysts expect that Capri will report full-year earnings of $4.95 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.05. For the next fiscal year, analysts expect that the firm will post earnings of $4.99 per share, with EPS estimates ranging from $4.86 to $5.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Capri.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.46 billion. Capri had a net margin of 11.19% and a return on equity of 35.44%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share.

A number of research firms have weighed in on CPRI. Barclays began coverage on shares of Capri in a research report on Tuesday, February 26th. They issued an “overweight” rating and a $53.00 price target for the company. ValuEngine upgraded shares of Capri from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Zacks Investment Research lowered shares of Capri from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 7th. Guggenheim reiterated a “hold” rating on shares of Capri in a research report on Wednesday, February 6th. Finally, Needham & Company LLC dropped their price target on shares of Capri from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Capri currently has a consensus rating of “Hold” and an average target price of $57.60.

In related news, SVP Cathy Marie Robinson sold 3,648 shares of the company’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $47.00, for a total transaction of $171,456.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. NuWave Investment Management LLC bought a new position in shares of Capri during the first quarter worth $76,000. Financial Gravity Companies Inc. bought a new position in shares of Capri during the fourth quarter worth $144,000. Globeflex Capital L P bought a new position in shares of Capri during the fourth quarter worth $143,000. CHICAGO TRUST Co NA bought a new position in shares of Capri during the first quarter worth $229,000. Finally, Sciencast Management LP bought a new position in shares of Capri during the first quarter worth $283,000. Hedge funds and other institutional investors own 80.33% of the company’s stock.

CPRI opened at $48.09 on Friday. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 1.48 and a beta of 0.50. Capri has a 1-year low of $35.68 and a 1-year high of $75.96. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.48 and a quick ratio of 1.93.

About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Earnings History and Estimates for Capri (NYSE:CPRI)

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