Pier 1 Imports (PIR) Receiving Somewhat Favorable Press Coverage, Report Shows
News coverage about Pier 1 Imports (NYSE:PIR) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pier 1 Imports earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 48.1000329359598 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Pier 1 Imports Appoints Bon-Ton’S Nancy Walsh As CFO, Effective Jan. 25 – Nasdaq (nasdaq.com)
- Pier 1 names finance and retail veteran to CFO role (finance.yahoo.com)
- BRIEF-Pier 1 Imports Inc Says Appointed Nancy Walsh As CFO (reuters.com)
- Technical Review on Pier 1 Imports, Inc. (PIR) – Wall Street Morning (wallstreetmorning.com)
- Spot trends and buy/sell signals: Pier 1 Imports, Inc. (PIR), Cognizant Technology Solutions Corporation (CTSH) – Market Movers (financialqz.com)
Several equities analysts have recently issued reports on PIR shares. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Loop Capital downgraded Pier 1 Imports from a “buy” rating to a “hold” rating and dropped their price objective for the company from $8.00 to $4.00 in a report on Thursday, September 28th. Morgan Stanley reiterated an “underweight” rating and issued a $4.20 price objective (down previously from $4.60) on shares of Pier 1 Imports in a report on Thursday, September 28th. Credit Suisse Group dropped their price objective on Pier 1 Imports from $4.00 to $3.50 and set an “underperform” rating for the company in a report on Thursday, September 28th. Finally, Zacks Investment Research downgraded Pier 1 Imports from a “hold” rating to a “sell” rating in a report on Saturday, September 30th. Eight research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Pier 1 Imports has a consensus rating of “Hold” and a consensus target price of $4.78.
Pier 1 Imports (NYSE:PIR) last announced its quarterly earnings results on Wednesday, December 13th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Pier 1 Imports had a return on equity of 10.17% and a net margin of 1.28%. The business had revenue of $469.20 million during the quarter, compared to the consensus estimate of $466.60 million. During the same quarter last year, the company earned $0.22 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. sell-side analysts predict that Pier 1 Imports will post 0.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.28 annualized dividend and a dividend yield of 6.60%. Pier 1 Imports’s dividend payout ratio (DPR) is currently 100.00%.
ILLEGAL ACTIVITY NOTICE: “Pier 1 Imports (PIR) Receiving Somewhat Favorable Press Coverage, Report Shows” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://theolympiareport.com/2018/01/08/pier-1-imports-pir-receiving-somewhat-favorable-press-coverage-report-shows.html.
Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.
Receive News & Ratings for Pier 1 Imports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports and related companies with MarketBeat.com's FREE daily email newsletter.