Brokers Set Expectations for Perry Ellis International, Inc.’s Q2 2018 Earnings (PERY)

Perry Ellis International, Inc. (NASDAQ:PERY) – Analysts at KeyCorp increased their Q2 2018 earnings per share (EPS) estimates for Perry Ellis International in a research note issued on Thursday, according to Zacks Investment Research. KeyCorp analyst E. Yruma now forecasts that the textile maker will earn $0.30 per share for the quarter, up from their prior estimate of $0.26. KeyCorp also issued estimates for Perry Ellis International’s Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $2.11 EPS and FY2019 earnings at $2.26 EPS.

A number of other equities analysts have also recently issued reports on PERY. TheStreet cut shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research report on Monday, January 9th. Zacks Investment Research lowered shares of Perry Ellis International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 19th. Sidoti raised shares of Perry Ellis International from a “neutral” rating to a “buy” rating in a research report on Thursday, February 2nd. Finally, Wunderlich reissued a “buy” rating and issued a $35.00 price objective on shares of Perry Ellis International in a research report on Tuesday, March 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $28.75.

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

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Shares of Perry Ellis International (NASDAQ:PERY) traded down 4.45% on Friday, hitting $21.25. 80,490 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $21.64 and its 200 day moving average price is $22.53. Perry Ellis International has a 12-month low of $16.24 and a 12-month high of $29.00. The stock has a market cap of $318.67 million, a price-to-earnings ratio of 22.37 and a beta of 0.75.

Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings results on Wednesday, March 22nd. The textile maker reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. Perry Ellis International had a negative net margin of 1.40% and a positive return on equity of 8.73%. The company had revenue of $204 million for the quarter, compared to analyst estimates of $229.68 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its position in shares of Perry Ellis International by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 26,216 shares of the textile maker’s stock valued at $653,000 after buying an additional 100 shares during the period. Bowling Portfolio Management LLC increased its position in shares of Perry Ellis International by 0.4% in the fourth quarter. Bowling Portfolio Management LLC now owns 25,151 shares of the textile maker’s stock valued at $627,000 after buying an additional 102 shares during the period. Comerica Bank increased its position in shares of Perry Ellis International by 5.9% in the fourth quarter. Comerica Bank now owns 12,848 shares of the textile maker’s stock valued at $318,000 after buying an additional 715 shares during the period. Wells Fargo & Company MN increased its position in shares of Perry Ellis International by 48.2% in the third quarter. Wells Fargo & Company MN now owns 5,900 shares of the textile maker’s stock valued at $114,000 after buying an additional 1,920 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Perry Ellis International by 11.5% in the fourth quarter. Teachers Advisors LLC now owns 21,232 shares of the textile maker’s stock valued at $529,000 after buying an additional 2,184 shares during the period. Institutional investors own 70.10% of the company’s stock.

Perry Ellis International Company Profile

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.

5 Day Chart for NASDAQ:PERY

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