Zacks: Analysts Anticipate Kirkland’s, Inc. (NASDAQ:KIRK) Will Post Earnings of -$0.71 Per Share
Analysts predict that Kirkland’s, Inc. (NASDAQ:KIRK) will report earnings per share of ($0.71) for the current quarter, Zacks reports. Two analysts have made estimates for Kirkland’s’ earnings. The highest EPS estimate is ($0.67) and the lowest is ($0.75). Kirkland’s posted earnings of ($0.40) per share in the same quarter last year, which would suggest a negative year over year growth rate of 77.5%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, August 29th.
On average, analysts expect that Kirkland’s will report full year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.52) to ($0.35). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.31) per share, with EPS estimates ranging from ($0.64) to $0.02. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, June 6th. The specialty retailer reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.17). The firm had revenue of $129.60 million during the quarter, compared to the consensus estimate of $132.37 million. Kirkland’s had a negative net margin of 0.67% and a negative return on equity of 1.45%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share.
Shares of NASDAQ:KIRK traded down $0.17 during trading on Friday, hitting $1.34. 872,481 shares of the company were exchanged, compared to its average volume of 441,385. The business’s 50 day moving average is $1.62 and its 200-day moving average is $5.21. The company has a market capitalization of $17.00 million, a P/E ratio of 3.53 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 1.91. Kirkland’s has a 1-year low of $1.12 and a 1-year high of $12.26.
In other news, CEO Steven C. Woodward purchased 42,918 shares of the business’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $2.36 per share, with a total value of $101,286.48. Following the acquisition, the chief executive officer now directly owns 167,954 shares in the company, valued at $396,371.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Pleas III purchased 100,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was purchased at an average cost of $2.39 per share, with a total value of $239,000.00. Following the completion of the acquisition, the director now owns 112,000 shares in the company, valued at $267,680. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.
A number of large investors have recently made changes to their positions in KIRK. Geode Capital Management LLC boosted its position in shares of Kirkland’s by 28.2% during the 4th quarter. Geode Capital Management LLC now owns 183,942 shares of the specialty retailer’s stock worth $1,752,000 after purchasing an additional 40,481 shares in the last quarter. Bank of America Corp DE increased its stake in Kirkland’s by 151.8% in the 4th quarter. Bank of America Corp DE now owns 17,773 shares of the specialty retailer’s stock valued at $170,000 after buying an additional 10,716 shares during the last quarter. Millennium Management LLC purchased a new stake in Kirkland’s in the 4th quarter valued at about $773,000. Strs Ohio increased its stake in Kirkland’s by 3.9% in the 1st quarter. Strs Ohio now owns 58,000 shares of the specialty retailer’s stock valued at $407,000 after buying an additional 2,200 shares during the last quarter. Finally, Texas Permanent School Fund purchased a new stake in Kirkland’s in the 1st quarter valued at about $71,000. 98.94% of the stock is owned by hedge funds and other institutional investors.
Kirkland’s Company Profile
Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.
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