Wall Street analysts expect that Party City Holdco Inc (NYSE:PRTY) will report $0.40 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Party City Holdco’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.37. Party City Holdco reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The firm is scheduled to issue its next earnings results on Wednesday, August 1st.
On average, analysts expect that Party City Holdco will report full-year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.86. For the next fiscal year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.95 to $2.14. Zacks’ EPS averages are an average based on a survey of analysts that follow Party City Holdco.
Party City Holdco (NYSE:PRTY) last released its quarterly earnings data on Wednesday, May 9th. The specialty retailer reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The firm had revenue of $507.82 million for the quarter, compared to analyst estimates of $502.94 million. Party City Holdco had a net margin of 9.11% and a return on equity of 14.56%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS.
Several brokerages have recently commented on PRTY. JPMorgan Chase & Co. lowered shares of Party City Holdco from an “overweight” rating to a “hold” rating and increased their price target for the stock from $16.00 to $17.00 in a research note on Monday, March 19th. ValuEngine lowered shares of Party City Holdco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Bank of America upgraded shares of Party City Holdco from a “neutral” rating to a “buy” rating and increased their price target for the stock from $17.50 to $20.00 in a research note on Thursday, April 19th. Zacks Investment Research lowered shares of Party City Holdco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, TheStreet upgraded shares of Party City Holdco from a “c” rating to a “b-” rating in a research note on Monday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.29.
Party City Holdco stock opened at $16.05 on Friday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.40 and a beta of 2.13. The company has a current ratio of 1.27, a quick ratio of 0.38 and a debt-to-equity ratio of 1.57. Party City Holdco has a twelve month low of $9.50 and a twelve month high of $16.90.
In other Party City Holdco news, major shareholder H. Lee Equity Fund Vi Thomas sold 12,000,000 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $15.00, for a total value of $180,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.47% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in PRTY. Westfield Capital Management Co. LP bought a new position in shares of Party City Holdco during the 1st quarter worth about $20,593,000. Millennium Management LLC increased its position in shares of Party City Holdco by 368.0% during the 1st quarter. Millennium Management LLC now owns 1,060,473 shares of the specialty retailer’s stock worth $16,543,000 after purchasing an additional 833,855 shares in the last quarter. Shellback Capital LP acquired a new stake in shares of Party City Holdco during the 4th quarter worth about $10,672,000. Bamco Inc. NY increased its position in shares of Party City Holdco by 20.7% during the 4th quarter. Bamco Inc. NY now owns 3,095,000 shares of the specialty retailer’s stock worth $43,175,000 after purchasing an additional 530,000 shares in the last quarter. Finally, Sapience Investments LLC increased its position in shares of Party City Holdco by 35.4% during the 4th quarter. Sapience Investments LLC now owns 1,409,200 shares of the specialty retailer’s stock worth $19,658,000 after purchasing an additional 368,050 shares in the last quarter.
Party City Holdco Company Profile
Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories and novelties, stationery, and decorations.
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