Capri (CPRI) to Release Quarterly Earnings on Thursday

Capri (NYSE:CPRI) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, analysts expect Capri to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Capri Trading Down 4.9 %

Shares of CPRI stock opened at $19.47 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -9.88, a price-to-earnings-growth ratio of 6.93 and a beta of 1.97. Capri has a 12-month low of $19.27 and a 12-month high of $51.26. The stock’s 50-day moving average price is $38.25 and its 200-day moving average price is $35.58.

Analysts Set New Price Targets

A number of research firms have issued reports on CPRI. Wells Fargo & Company reduced their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. UBS Group reduced their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Telsey Advisory Group reduced their target price on shares of Capri from $42.00 to $26.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, Capri presently has a consensus rating of “Hold” and an average price target of $31.50.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.