Analysts predict that Capri Holdings Ltd (NYSE:CPRI) will announce $0.98 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Capri’s earnings. The highest EPS estimate is $1.32 and the lowest is $0.87. Capri reported earnings per share of $1.32 during the same quarter last year, which indicates a negative year-over-year growth rate of 25.8%. The company is scheduled to report its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Capri will report full-year earnings of $4.95 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.00. For the next fiscal year, analysts forecast that the firm will report earnings of $5.31 per share, with EPS estimates ranging from $4.94 to $5.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Capri.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Capri had a net margin of 10.36% and a return on equity of 33.75%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year.

CPRI has been the subject of a number of research analyst reports. Argus initiated coverage on shares of Capri in a report on Wednesday, June 12th. They issued a “hold” rating for the company. MKM Partners cut their price target on shares of Skyworks Solutions to $90.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Guggenheim reissued a “buy” rating and issued a $150.00 price target on shares of PVH in a report on Wednesday, May 29th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $10.00 price target on shares of Synthesis Energy Systems in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Capri has a consensus rating of “Hold” and an average target price of $52.00.

NYSE CPRI traded up $0.38 on Friday, reaching $36.33. The company’s stock had a trading volume of 2,200,400 shares, compared to its average volume of 2,710,669. Capri has a twelve month low of $32.08 and a twelve month high of $75.96. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $5.48 billion, a PE ratio of 7.31, a PEG ratio of 1.13 and a beta of 0.74. The business has a 50 day moving average price of $34.53.

In other news, CEO John D. Idol acquired 615,000 shares of Capri stock in a transaction on Monday, June 3rd. The stock was bought at an average cost of $32.57 per share, with a total value of $20,030,550.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas Jr. Edwards acquired 11,600 shares of Capri stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $34.41 per share, with a total value of $399,156.00. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CPRI. Nuveen Asset Management LLC purchased a new stake in shares of Capri during the fourth quarter worth about $3,367,000. Globeflex Capital L P acquired a new position in Capri in the 4th quarter valued at about $143,000. Geode Capital Management LLC acquired a new position in Capri in the 4th quarter valued at about $89,438,000. State of Alaska Department of Revenue acquired a new position in Capri in the 1st quarter valued at about $1,498,000. Finally, CHICAGO TRUST Co NA acquired a new position in Capri in the 1st quarter valued at about $229,000. 86.65% of the stock is owned by institutional investors.

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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