Analysts Expect Party City Holdco Inc. (PRTY) to Announce $0.77 EPS

Brokerages forecast that Party City Holdco Inc. (NYSE:PRTY) will report earnings of $0.77 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Party City Holdco’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.76. Party City Holdco posted earnings per share of $0.76 in the same quarter last year, which suggests a positive year over year growth rate of 1.3%. The business is expected to announce its next earnings results on Thursday, March 8th.

According to Zacks, analysts expect that Party City Holdco will report full year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.26. For the next year, analysts anticipate that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.26 to $1.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Party City Holdco.

Party City Holdco (NYSE:PRTY) last released its earnings results on Thursday, November 9th. The specialty retailer reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $560.11 million during the quarter, compared to the consensus estimate of $587.74 million. Party City Holdco had a net margin of 4.96% and a return on equity of 13.74%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share.

A number of research analysts recently weighed in on PRTY shares. Zacks Investment Research downgraded shares of Party City Holdco from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. ValuEngine raised shares of Party City Holdco from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. BMO Capital Markets raised shares of Party City Holdco from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.20 to $16.00 in a research report on Tuesday, October 24th. Finally, Morgan Stanley decreased their price objective on shares of Party City Holdco from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.60.

In other news, major shareholder International Corp/Ma Advent sold 2,558,306 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $12.67, for a total transaction of $32,413,737.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Harrison bought 20,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $11.27 per share, with a total value of $225,400.00. The disclosure for this purchase can be found here. Company insiders own 5.02% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PRTY. Teachers Advisors LLC lifted its stake in shares of Party City Holdco by 3.5% during the 1st quarter. Teachers Advisors LLC now owns 51,229 shares of the specialty retailer’s stock worth $720,000 after buying an additional 1,743 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Party City Holdco by 14.0% during the 1st quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock worth $101,000 after buying an additional 881 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Party City Holdco by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 2,322,061 shares of the specialty retailer’s stock worth $32,625,000 after buying an additional 183,643 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Party City Holdco by 11.6% during the 1st quarter. Geode Capital Management LLC now owns 204,285 shares of the specialty retailer’s stock worth $2,870,000 after buying an additional 21,165 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Party City Holdco by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 462,606 shares of the specialty retailer’s stock worth $6,499,000 after buying an additional 16,611 shares during the last quarter.

Party City Holdco (PRTY) traded up $0.35 during trading on Monday, reaching $12.20. 2,130,000 shares of the company were exchanged, compared to its average volume of 1,070,000. The company has a market capitalization of $1,460.00 and a P/E ratio of 9.96. Party City Holdco has a 1-year low of $9.50 and a 1-year high of $17.05. The company has a current ratio of 1.64, a quick ratio of 0.51 and a debt-to-equity ratio of 1.43.

Party City Holdco declared that its Board of Directors has approved a share repurchase plan on Thursday, November 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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Party City Holdco Company Profile

Party City Holdco Inc is a holding company with no operating assets or operations. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC (PC Nextco), which owned PC Intermediate Holdings, Inc (PC Intermediate). As of December 31, 2016, PC Intermediate owned Party City Holdings Inc (PCHI).

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