Pinterest (PINS) Set to Announce Quarterly Earnings on Thursday

Pinterest (NYSE:PINS) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $853.68 million for the quarter, compared to analyst estimates of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) earnings per share. On average, analysts expect Pinterest to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pinterest Price Performance

PINS stock opened at $32.58 on Thursday. The company’s 50 day simple moving average is $31.75 and its 200-day simple moving average is $36.39. The firm has a market capitalization of $22.26 billion, a PE ratio of 155.14, a P/E/G ratio of 2.50 and a beta of 1.01. Pinterest has a 12 month low of $27.00 and a 12 month high of $45.19.

Analysts Set New Price Targets

PINS has been the topic of several research reports. Wedbush lowered their price target on shares of Pinterest from $46.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Citigroup lowered their price target on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of Pinterest in a research report on Wednesday, July 31st. Rosenblatt Securities restated a “buy” rating and set a $48.00 target price on shares of Pinterest in a research report on Wednesday, July 31st. Finally, Piper Sandler restated an “overweight” rating and set a $45.00 target price on shares of Pinterest in a research report on Friday, September 13th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and an average target price of $43.32.

Insider Activity

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the sale, the chief financial officer now owns 297,351 shares of the company’s stock, valued at $9,729,324.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the sale, the director now directly owns 33,686 shares in the company, valued at $1,129,154.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.11% of the company’s stock.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.