Capri (CPRI) to Release Quarterly Earnings on Wednesday

Capri (NYSE:CPRI - Get Free Report) is expected to announce its earnings results 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. Investors that wish to listen to the company's conference call can do so using this link.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations 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 last year, the company posted $1.13 EPS. On average, analysts expect Capri to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Capri Trading Down 4.0 %

CPRI traded down $1.02 during trading on Friday, hitting $24.82. 2,808,310 shares of the stock traded hands, compared to its average volume of 2,478,367. The firm has a market capitalization of $2.93 billion, a P/E ratio of -8.11, a price-to-earnings-growth ratio of 5.67 and a beta of 2.06. 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 50-day moving average of $22.64 and a 200 day moving average of $29.57. Capri has a 12-month low of $18.70 and a 12-month high of $49.20.

Wall Street Analysts Forecast Growth

CPRI has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, November 15th. Guggenheim raised shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a research report on Tuesday, November 26th. Robert W. Baird dropped their target price on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $23.00 target price on shares of Capri in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $26.36.

Capri Company Profile

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.