Brokerages expect Capri Holdings Ltd (NYSE:CPRI) to announce $0.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Capri’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.83. Capri also reported earnings per share of $0.63 in the same quarter last year. The company is expected to issue its next earnings report on Wednesday, May 29th.
On average, analysts expect that Capri will report full-year earnings of $4.97 per share for the current year, with EPS estimates ranging from $4.90 to $5.05. For the next fiscal year, analysts anticipate that the business will report earnings of $5.05 per share, with EPS estimates ranging from $4.93 to $5.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Capri.
Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Capri had a net margin of 11.19% and a return on equity of 35.44%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 earnings per share.
A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Capri from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. Canaccord Genuity set a $76.00 price objective on shares of Capri and gave the company a “buy” rating in a research note on Saturday, February 2nd. Guggenheim restated a “hold” rating on shares of Capri in a research note on Wednesday, February 6th. Goldman Sachs Group initiated coverage on shares of Capri in a report on Friday, January 11th. They set a “neutral” rating and a $45.00 price objective on the stock. Finally, Wolfe Research reissued an “outperform” rating and issued a $53.00 price target (down from $63.00) on shares of Capri in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $58.75.
In related news, SVP Cathy Marie Robinson sold 3,648 shares of Capri 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 is accessible through the SEC website. Company insiders own 6.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Financial Gravity Companies Inc. bought a new position in shares of Capri in the 4th quarter worth $144,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Capri in the fourth quarter worth about $386,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Capri in the fourth quarter worth about $425,000. DNB Asset Management AS purchased a new position in Capri during the fourth quarter worth approximately $618,000. Finally, Nisa Investment Advisors LLC purchased a new position in Capri during the fourth quarter worth approximately $3,845,000. Institutional investors and hedge funds own 89.13% of the company’s stock.
NYSE:CPRI traded down $0.52 during mid-day trading on Monday, reaching $45.51. 2,584,000 shares of the company’s stock were exchanged, compared to its average volume of 2,812,861. Capri has a one year low of $35.68 and a one year high of $75.96. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 1.41 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 2.48.
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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