KeyCorp Weighs in on Perry Ellis International Inc.’s FY2018 Earnings (PERY)

Perry Ellis International Inc. (NASDAQ:PERY) – Research analysts at KeyCorp lifted their FY2018 earnings estimates for Perry Ellis International in a report issued on Thursday. KeyCorp analyst E. Yruma now expects that the textile maker will post earnings per share of $2.18 for the year, up from their prior forecast of $2.17. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Perry Ellis International’s Q4 2018 earnings at $0.93 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $2.40 EPS.

Perry Ellis International (NASDAQ:PERY) last posted its quarterly earnings data on Thursday, November 30th. The textile maker reported $0.25 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 net margin of 3.05% and a return on equity of 8.95%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, September 1st. TheStreet lowered shares of Perry Ellis International from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Ifs Securities reiterated an “outperform” rating on shares of Perry Ellis International in a research note on Tuesday, October 31st. Finally, FBR & Co set a $25.00 price target on shares of Perry Ellis International and gave the company a “buy” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.00.

Shares of Perry Ellis International (PERY) traded down $0.16 during mid-day trading on Monday, reaching $24.21. 92,044 shares of the company’s stock traded hands, compared to its average volume of 97,575. The company has a quick ratio of 2.13, a current ratio of 3.56 and a debt-to-equity ratio of 0.27. Perry Ellis International has a 12-month low of $16.35 and a 12-month high of $29.00. The firm has a market cap of $387.31, a price-to-earnings ratio of 13.01 and a beta of 0.62.

In other news, insider Stanley P. Silverstein sold 13,507 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.11, for a total transaction of $298,639.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Luis S. Paez sold 3,812 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.55, for a total transaction of $82,148.60. The disclosure for this sale can be found here. 20.20% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in PERY. Vanguard Group Inc. grew its stake in Perry Ellis International by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 678,254 shares of the textile maker’s stock valued at $13,199,000 after buying an additional 14,127 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Perry Ellis International by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 414,355 shares of the textile maker’s stock valued at $8,064,000 after buying an additional 15,555 shares during the last quarter. Northern Trust Corp grew its stake in Perry Ellis International by 1.8% in the 2nd quarter. Northern Trust Corp now owns 366,702 shares of the textile maker’s stock valued at $7,137,000 after buying an additional 6,643 shares during the last quarter. State Street Corp grew its stake in Perry Ellis International by 5.3% in the 2nd quarter. State Street Corp now owns 280,040 shares of the textile maker’s stock valued at $5,448,000 after buying an additional 13,982 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its stake in Perry Ellis International by 3.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 273,595 shares of the textile maker’s stock valued at $6,474,000 after buying an additional 8,654 shares during the last quarter. Institutional investors own 72.39% of the company’s stock.

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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.

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

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