Capri (CPRI) Expected to Announce Earnings on Wednesday

Capri (NYSE:CPRI) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $1.26 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, analysts expect Capri to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Capri Stock Performance

Shares of Capri stock opened at $25.67 on Wednesday. The firm has a 50 day simple moving average of $22.33 and a 200 day simple moving average of $29.73. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $49.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The firm has a market cap of $3.03 billion, a P/E ratio of -8.39, a P/E/G ratio of 5.20 and a beta of 2.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CPRI shares. Robert W. Baird decreased their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. TD Cowen reduced their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Jefferies Financial Group raised their price objective on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays reissued an “equal weight” rating and issued a $21.00 target price on shares of Capri in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price target on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Capri currently has an average rating of “Hold” and an average price target of $26.36.

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.