Capri Holdings Ltd (CPRI) Expected to Post Earnings of $0.63 Per Share

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Analysts predict that Capri Holdings Ltd (NYSE:CPRI) will announce earnings of $0.63 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Capri’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.57. Capri also posted earnings per share of $0.63 in the same quarter last year. The business is scheduled to announce its next earnings results on Wednesday, May 29th.

According to Zacks, analysts expect that Capri will report full year earnings of $4.95 per share for the current year, with EPS estimates ranging from $4.90 to $5.05. For the next financial year, analysts expect that the business will report earnings of $4.99 per share, with EPS estimates ranging from $4.86 to $5.30. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Capri.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.19. Capri had a return on equity of 35.44% and a net margin of 11.19%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company posted $1.77 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year.

Several equities research analysts recently weighed in on the company. Guggenheim reissued a “hold” rating on shares of Capri in a report on Wednesday, February 6th. Zacks Investment Research downgraded Capri from a “hold” rating to a “strong sell” rating in a report on Thursday, February 7th. ValuEngine raised Capri from a “strong sell” rating to a “sell” rating in a report on Friday, February 8th. Barclays started coverage on Capri in a report on Tuesday, February 26th. They set an “overweight” rating and a $53.00 price objective on the stock. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $53.00 target price (down from $63.00) on shares of Capri in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.60.

In other Capri news, SVP Cathy Marie Robinson sold 3,648 shares of Capri stock in a transaction dated 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 available through this hyperlink. 6.00% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. NuWave Investment Management LLC bought a new position in shares of Capri in the 1st quarter worth about $76,000. Financial Gravity Companies Inc. bought a new stake in Capri in the 4th quarter valued at about $144,000. Globeflex Capital L P bought a new stake in Capri in the 4th quarter valued at about $143,000. CHICAGO TRUST Co NA bought a new stake in Capri in the 1st quarter valued at about $229,000. Finally, FNY Investment Advisers LLC bought a new stake in Capri in the 1st quarter valued at about $251,000. 80.33% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CPRI traded up $0.62 during mid-day trading on Friday, hitting $49.28. 92,455 shares of the stock traded hands, compared to its average volume of 2,705,489. The company has a quick ratio of 1.93, a current ratio of 2.48 and a debt-to-equity ratio of 0.86. Capri has a twelve month low of $35.68 and a twelve month high of $75.96. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.46 and a beta of 0.50.

About Capri

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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Earnings History and Estimates for Capri (NYSE:CPRI)

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