Party City Holdco (PRTY) to Release Quarterly Earnings on Monday

Party City Holdco (NYSE:PRTYGet Rating) will post its quarterly earnings results before the market opens on Monday, August 8th. Analysts expect Party City Holdco to post earnings of $0.06 per share for the quarter. Party City Holdco has set its FY 2022 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Party City Holdco (NYSE:PRTYGet Rating) last issued its quarterly earnings results on Monday, May 9th. The specialty retailer reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). The firm had revenue of $432.98 million for the quarter, compared to the consensus estimate of $435.80 million. Party City Holdco had a negative net margin of 0.89% and a positive return on equity of 68.71%. During the same period in the previous year, the business posted ($0.05) earnings per share. On average, analysts expect Party City Holdco to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Party City Holdco Stock Performance

Shares of NYSE PRTY opened at $1.31 on Friday. The stock has a fifty day moving average price of $1.34 and a two-hundred day moving average price of $2.77. The company has a debt-to-equity ratio of 23.32, a quick ratio of 0.36 and a current ratio of 1.13. The firm has a market cap of $147.37 million, a P/E ratio of -7.71 and a beta of 3.13. Party City Holdco has a 1 year low of $1.04 and a 1 year high of $9.21.

Analyst Ratings Changes

Separately, StockNews.com lowered Party City Holdco from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th.

Insider Transactions at Party City Holdco

In other news, major shareholder Clifford Sosin sold 444,375 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $1.45, for a total transaction of $644,343.75. Following the completion of the sale, the insider now directly owns 19,557,248 shares of the company’s stock, valued at approximately $28,358,009.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.36% of the company’s stock.

Institutional Trading of Party City Holdco

Several hedge funds and other institutional investors have recently modified their holdings of PRTY. Advisor Group Holdings Inc. boosted its position in shares of Party City Holdco by 20.2% in the first quarter. Advisor Group Holdings Inc. now owns 23,490 shares of the specialty retailer’s stock worth $71,000 after buying an additional 3,943 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Party City Holdco in the first quarter worth $75,000. EVR Research LP acquired a new stake in shares of Party City Holdco in the first quarter worth $89,000. Delphia USA Inc. acquired a new stake in shares of Party City Holdco in the first quarter worth $115,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Party City Holdco by 31.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 45,271 shares of the specialty retailer’s stock worth $162,000 after buying an additional 10,900 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Party City Holdco Company Profile

(Get Rating)

Party City Holdco Inc designs, manufactures, sources, and distributes party goods worldwide. The company operates through 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

Earnings History for Party City Holdco (NYSE:PRTY)

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