Analysts expect Party City Holdco Inc (NYSE:PRTY) to post earnings per share of $0.04 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Party City Holdco’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.02. Party City Holdco also reported earnings of $0.04 per share during the same quarter last year. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, May 9th.
According to Zacks, analysts expect that Party City Holdco will report full year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.23 to $1.26. For the next year, analysts anticipate that the company will post earnings of $1.42 per share, with EPS estimates ranging from $1.38 to $1.47. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Party City Holdco.
Party City Holdco (NYSE:PRTY) last posted its quarterly earnings results on Thursday, March 9th. The specialty retailer reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The company had revenue of $749 million for the quarter, compared to the consensus estimate of $758.24 million. Party City Holdco had a return on equity of 14.62% and a net margin of 5.13%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS.
A number of research analysts recently issued reports on the stock. TheStreet raised shares of Party City Holdco from a “d+” rating to a “c-” rating in a research note on Tuesday, April 11th. BMO Capital Markets reaffirmed a “market perform” rating and set a $16.00 target price (down previously from $18.00) on shares of Party City Holdco in a research note on Wednesday, March 15th. Credit Suisse Group AG set a $19.00 target price on shares of Party City Holdco and gave the stock a “buy” rating in a research note on Monday, March 13th. Zacks Investment Research raised shares of Party City Holdco from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of Party City Holdco in a research note on Thursday, February 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Party City Holdco presently has an average rating of “Hold” and a consensus price target of $18.29.
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Party City Holdco (NYSE:PRTY) traded up 1.91% on Thursday, hitting $16.00. The stock had a trading volume of 728,734 shares. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 16.33 and a beta of 2.85. The company’s 50 day moving average is $14.23 and its 200-day moving average is $15.12. Party City Holdco has a 1-year low of $12.05 and a 1-year high of $19.10.
Several hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in Party City Holdco by 38.5% in the third quarter. Acrospire Investment Management LLC now owns 7,909 shares of the specialty retailer’s stock worth $135,000 after buying an additional 2,200 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in Party City Holdco by 380.9% in the fourth quarter. Highbridge Capital Management LLC now owns 11,518 shares of the specialty retailer’s stock worth $163,000 after buying an additional 15,618 shares during the last quarter. Aperio Group LLC bought a new stake in Party City Holdco during the third quarter worth $195,000. Trexquant Investment LP bought a new stake in Party City Holdco during the fourth quarter worth $211,000. Finally, Denver Investment Advisors LLC bought a new stake in Party City Holdco during the fourth quarter worth $286,000. 96.89% of the stock is currently owned by hedge funds and other institutional investors.
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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