Analysts Expect Party City Holdco Inc (PRTY) to Post $0.01 EPS

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Analysts forecast that Party City Holdco Inc (NYSE:PRTY) will announce $0.01 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Party City Holdco’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.04. Party City Holdco posted earnings of $0.07 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 85.7%. The company is expected to issue its next earnings report on Wednesday, May 8th.

On average, analysts expect that Party City Holdco will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.70. For the next fiscal year, analysts expect that the company will post earnings of $1.85 per share, with EPS estimates ranging from $1.75 to $2.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Party City Holdco.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.01). Party City Holdco had a net margin of 5.08% and a return on equity of 15.63%.

A number of research analysts recently weighed in on PRTY shares. Zacks Investment Research upgraded shares of Party City Holdco from a “sell” rating to a “hold” rating in a research report on Saturday, March 2nd. JPMorgan Chase & Co. downgraded shares of Party City Holdco from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $12.00 in a research report on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and set a $14.00 price objective (down previously from $15.00) on shares of Party City Holdco in a research report on Friday, March 1st. Finally, ValuEngine upgraded shares of Party City Holdco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $15.00.

A number of institutional investors have recently modified their holdings of PRTY. Public Employees Retirement System of Ohio lifted its position in Party City Holdco by 67.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 1,024 shares during the period. Gs Investments Inc. raised its position in Party City Holdco by 15.4% in the fourth quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock worth $75,000 after acquiring an additional 1,000 shares during the period. Legal & General Group Plc raised its position in Party City Holdco by 14.7% in the fourth quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 1,284 shares during the period. CWM Advisors LLC bought a new position in Party City Holdco in the fourth quarter worth approximately $102,000. Finally, Keybank National Association OH bought a new position in Party City Holdco in the fourth quarter worth approximately $104,000.

Party City Holdco stock traded up $0.30 during midday trading on Wednesday, reaching $8.05. 1,695,938 shares of the company traded hands, compared to its average volume of 1,544,354. The company has a market cap of $725.87 million, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.24 and a beta of 1.96. Party City Holdco has a 12 month low of $7.56 and a 12 month high of $16.95. The company has a quick ratio of 0.38, a current ratio of 1.44 and a debt-to-equity ratio of 1.55.

About Party City Holdco

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, novelties, gifts, and stationery.

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