Pinterest (NYSE:PINS) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Pinterest (NYSE:PINS) announced its quarterly earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.24, MarketWatch Earnings reports. Pinterest had a negative net margin of 120.48% and a negative return on equity of 73.06%. The company had revenue of $272.30 million during the quarter, compared to analyst estimates of $254.79 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The firm’s revenue was up 4.2% on a year-over-year basis.

NYSE:PINS traded up $9.10 on Friday, hitting $34.29. The company’s stock had a trading volume of 111,863,722 shares, compared to its average volume of 10,902,758. Pinterest has a one year low of $10.10 and a one year high of $36.83. The firm has a market capitalization of $20.11 billion, a P/E ratio of -10.85 and a beta of 1.56. The stock has a fifty day moving average of $23.92 and a two-hundred day moving average of $20.41. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.08.

In related news, CFO Todd R. Morgenfeld sold 36,233 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $18.59, for a total transaction of $673,571.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Benjamin Silbermann sold 66,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $21.43, for a total value of $1,425,095.00. Following the transaction, the chief executive officer now directly owns 66,500 shares in the company, valued at $1,425,095. The disclosure for this sale can be found here. Insiders have sold a total of 983,025 shares of company stock valued at $21,910,436 over the last quarter.

Several brokerages have recently issued reports on PINS. Nomura decreased their price target on shares of Pinterest from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 target price on shares of Pinterest in a research note on Sunday, May 3rd. Zacks Investment Research raised shares of Pinterest from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. UBS Group raised shares of Pinterest from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Friday. Finally, Argus lowered shares of Pinterest from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Fifteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $26.27.

About Pinterest

Pinterest, Inc provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodeling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation.

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Earnings History for Pinterest (NYSE:PINS)

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