Party City Holdco (PRTY) Releases Earnings Results, Hits Estimates

Party City Holdco (NYSE:PRTY) posted its quarterly earnings data on Thursday. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01, MarketWatch Earnings reports. The business had revenue of $513.12 million during the quarter, compared to the consensus estimate of $522.59 million. Party City Holdco had a return on equity of 14.87% and a net margin of 3.87%. Party City Holdco’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. Party City Holdco updated its FY19 guidance to $1.61-1.72 EPS.

Shares of NYSE:PRTY traded up $0.02 during mid-day trading on Friday, reaching $8.07. 2,736,586 shares of the stock were exchanged, compared to its average volume of 1,860,111. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.38 and a current ratio of 1.44. The company has a market cap of $755.01 million, a PE ratio of 5.08, a PEG ratio of 0.32 and a beta of 1.84. Party City Holdco has a one year low of $6.28 and a one year high of $16.95.

PRTY has been the subject of a number of research reports. Zacks Investment Research downgraded Party City Holdco from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. ValuEngine downgraded Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Thursday, January 24th. JPMorgan Chase & Co. downgraded Party City Holdco from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $14.00 to $12.00 in a report on Friday, March 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 price objective (down from $15.00) on shares of Party City Holdco in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Party City Holdco presently has an average rating of “Hold” and an average price target of $14.17.

Large investors have recently bought and sold shares of the stock. Gs Investments Inc. boosted its position in Party City Holdco by 15.4% during the fourth quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock valued at $75,000 after purchasing an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Party City Holdco by 67.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 1,024 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Party City Holdco by 14.7% in the fourth quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 1,284 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Party City Holdco by 0.5% in the fourth quarter. First Trust Advisors LP now owns 301,708 shares of the specialty retailer’s stock valued at $3,011,000 after buying an additional 1,453 shares during the last quarter. Finally, Gilman Hill Asset Management LLC lifted its position in shares of Party City Holdco by 4.8% in the fourth quarter. Gilman Hill Asset Management LLC now owns 42,150 shares of the specialty retailer’s stock valued at $421,000 after buying an additional 1,922 shares during the last quarter.

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About Party City Holdco

Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery.

Further Reading: Debt-To-Equity Ratio

Earnings History for Party City Holdco (NYSE:PRTY)

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