Soft guidance crushes Pier 1 Imports

14 December, 2017, 21:52 | Author: Regina Silva
  • Analyst Pier 1 Imports Weakness Appears 'More Structural In Nature'

Net sales for the period ended November 25, decreased 1.4% to $469.2 million from $475.9 million for the same period a year ago. Jefferies Group reissued a "hold" rating and issued a $5.90 price objective on shares of Pier 1 Imports in a report on Sunday, September 3rd. Below, I've laid out key growth figures on how market analysts predict Pier 1 Imports's earnings growth outlook over the next couple of years and whether the future looks brighter. Telsey Advisory Group maintained it with "Market Perform" rating and $5 target in Thursday, September 29 report. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of "Hold" and a consensus target price of $5.01. The simple logic that a stock's current market price does not justify (is not equivalent to) its higher earnings and therefore has room to run is behind shareholders' inclination toward low P/E stocks. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 16.13.

Pier 1 Imports Inc (NYSE:PIR) announced a quarterly dividend on Wednesday, December 13th, RTT News reports. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by ($0.02), Bloomberg Earnings reports. Net income reported in its fiscal third quarter of 2017 came in at $13.58 million. They expect $2.12 EPS, up 657.14% or $1.84 from last year's $0.28 per share.

Pier 1 Imports (NYSE:PIR)'s revenue estimates for the current quarter are $466.69 Million according to 12 number of analysts, for the current quarter the company has high revenue estimates of $470.1 Million in contradiction of low revenue estimates of $463.06 Million.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a dividend of $0.07 per share. Out of 2 Wall Street analysts rating PPL Corp, 0 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". Pier 1 Imports's payout ratio is now 77.78%.

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A number of hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Mngmt invested 0.01% in Pier 1 Imports, Inc. Public Employees Retirement System Of Ohio holds 37,431 shares or 0% of its portfolio. Allianz Asset Management GmbH increased its holdings in Pier 1 Imports by 263.3% during the 3rd quarter. The stock holds an average trading capacity of 1.89M shares for the past three months. The stock of Pier 1 Imports, Inc. The company now has a Return on Equity (ROE) of -51.1 and a Return on Investment (ROI) of -0.6.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & global copyright law. Net sales, meanwhile, declined 1.4 per cent to $469.2 million. "His diverse skill set and deep experience in both sourcing and home furnishings will be invaluable as we set our new strategic course for the Pier 1 Imports brand". 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.

To view ValuEngine's full report, visit ValuEngine's official website.

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