Equities analysts forecast that Capri Holdings Ltd (NYSE:CPRI) will announce earnings per share of $0.63 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Capri’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.57. Capri also posted earnings of $0.63 per share during the same quarter last year. The business is expected to announce its next quarterly earnings report on Wednesday, May 29th.
On average, 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 forecast 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 EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Capri.
Capri (NYSE:CPRI) last posted its earnings results on Wednesday, February 6th. The company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.46 billion. Capri had a return on equity of 35.44% and a net margin of 11.19%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share.
CPRI has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on Capri in a research report on Friday, January 11th. They set a “neutral” rating and a $45.00 price objective on the stock. Canaccord Genuity set a $76.00 price objective on Capri and gave the company a “buy” rating in a research report on Saturday, February 2nd. ValuEngine downgraded Capri from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Wolfe Research restated an “outperform” rating and set a $53.00 price objective (down from $63.00) on shares of Capri in a research report on Friday, February 1st. Finally, Zacks Investment Research downgraded Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Two research 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.60.
In other Capri news, SVP Cathy Marie Robinson sold 3,648 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $47.00, for a total transaction of $171,456.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Dedication LLC bought a new position in Capri in the first quarter worth approximately $55,000. NuWave Investment Management LLC bought a new position in Capri in the first quarter worth approximately $76,000. Financial Gravity Companies Inc. bought a new position in Capri in the fourth quarter worth approximately $144,000. Globeflex Capital L P bought a new position in Capri in the fourth quarter worth approximately $143,000. Finally, CHICAGO TRUST Co NA bought a new position in Capri in the first quarter worth approximately $229,000. 80.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:CPRI traded up $0.56 during mid-day trading on Friday, reaching $49.22. The stock had a trading volume of 3,260,473 shares, compared to its average volume of 2,712,888. The company has a current ratio of 2.48, a quick ratio of 1.93 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $7.42 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.46 and a beta of 0.50. Capri has a 1 year low of $35.68 and a 1 year high of $75.96.
Capri Company Profile
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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