Analysts forecast that Capri Holdings Ltd (NYSE:CPRI) will post $1.26 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Capri’s earnings, with estimates ranging from $1.19 to $1.32. Capri posted earnings per share of $1.27 during the same quarter last year, which suggests a negative year-over-year growth rate of 0.8%. The business is expected to report its next earnings results on Wednesday, November 6th.
On average, analysts expect that Capri will report full year earnings of $4.90 per share for the current financial year, with EPS estimates ranging from $4.70 to $5.00. For the next year, analysts anticipate that the business will post earnings of $5.31 per share, with EPS estimates ranging from $5.00 to $5.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Capri.
Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Capri had a net margin of 7.45% and a return on equity of 30.44%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 EPS.
CPRI has been the subject of a number of analyst reports. Credit Suisse Group decreased their price objective on shares of Capri from $52.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, May 30th. They noted that the move was a valuation call. Nomura decreased their target price on shares of Capri from $76.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. MKM Partners decreased their target price on shares of Capri to $35.00 and set a “neutral” rating for the company in a research report on Monday. ValuEngine cut shares of Capri from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 24th. Finally, Argus began coverage on shares of Capri in a research report on Wednesday, June 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Capri has a consensus rating of “Hold” and a consensus price target of $50.08.
NYSE:CPRI traded down $1.33 on Monday, reaching $29.67. The stock had a trading volume of 3,388,124 shares, compared to its average volume of 2,783,671. The company has a current ratio of 1.02, a quick ratio of 0.50 and a debt-to-equity ratio of 1.61. The stock’s 50-day moving average price is $34.60. The company has a market cap of $4.93 billion, a PE ratio of 5.97, a P/E/G ratio of 1.02 and a beta of 0.73. Capri has a 12-month low of $30.52 and a 12-month high of $75.96.
In other Capri news, CFO Thomas Jr. Edwards bought 11,600 shares of Capri stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of $34.41 per share, for a total transaction of $399,156.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John D. Idol bought 615,000 shares of Capri stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of $32.57 per share, with a total value of $20,030,550.00. The disclosure for this purchase can be found here. Company insiders own 5.30% of the company’s stock.
Large investors have recently modified their holdings of the stock. Coastal Investment Advisors Inc. purchased a new stake in Capri in the 2nd quarter worth approximately $31,000. Signaturefd LLC acquired a new stake in Capri during the first quarter worth about $40,000. Destination Wealth Management acquired a new stake in Capri during the second quarter worth about $31,000. Pearl River Capital LLC acquired a new stake in Capri during the second quarter worth about $32,000. Finally, CSat Investment Advisory L.P. acquired a new stake in Capri during the first quarter worth about $46,000. Hedge funds and other institutional investors own 86.48% of the company’s stock.
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.
Featured Article: What can cause a stock to outperform?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.