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.
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
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