News articles about Party City Holdco (NYSE:PRTY) have been trending somewhat negative this week, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Party City Holdco earned a news sentiment score of -0.12 on Alpha One’s scale. Alpha One also assigned media coverage about the specialty retailer an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Party City Holdco, Inc. breached its 50 day moving average in a Bearish Manner : PRTY-US : June 19, 2017 (finance.yahoo.com)
- BidaskClub Downgrades Party City Holdco Inc. (PRTY) to Sell (americanbankingnews.com)
- $550.79 Million in Sales Expected for Party City Holdco Inc. (PRTY) This Quarter (americanbankingnews.com)
- $0.26 EPS Expected for Party City Holdco Inc. (PRTY) This Quarter (americanbankingnews.com)
Party City Holdco (PRTY) traded up 0.98% on Monday, hitting $15.45. 38,049 shares of the stock were exchanged. The firm has a market cap of $1.85 billion, a PE ratio of 16.38 and a beta of 2.76. The stock’s 50 day moving average price is $15.92 and its 200 day moving average price is $15.00. Party City Holdco has a 52-week low of $12.48 and a 52-week high of $19.10.
Party City Holdco (NYSE:PRTY) last released its earnings results on Tuesday, May 9th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $477 million during the quarter, compared to the consensus estimate of $476.91 million. Party City Holdco had a return on equity of 13.81% and a net margin of 4.92%. Party City Holdco’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. Equities research analysts forecast that Party City Holdco will post $1.27 earnings per share for the current year.
PRTY has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Party City Holdco from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Credit Suisse Group set a $19.00 price objective on shares of Party City Holdco and gave the company a “buy” rating in a research report on Monday, March 13th. BMO Capital Markets reiterated a “market perform” rating and set a $16.00 price objective (down previously from $18.00) on shares of Party City Holdco in a research report on Wednesday, March 15th. TheStreet upgraded shares of Party City Holdco from a “d+” rating to a “c-” rating in a research report on Tuesday, April 11th. Finally, BidaskClub cut shares of Party City Holdco from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.86.
About Party City Holdco
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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