Revenue Update on Perry Ellis International(NASDAQ:PERY)

Perry Ellis International(NASDAQ:PERY) announced the earnings results for Fiscal Year 2017 and Q4. The results came in during Pre-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $204.180M. Analysts estimated a revenue of $229.640M. The revenues were -11.09% below the estimates. Earnings per share were $0.66. The reported EPS was above estimates by 10%. Analysts had estimated an EPS of $0.6.

Perry Ellis International (PERY) shares turned negative on Fridays trading session with the shares closing down -0.24 points or -1.13% at a volume of 1,51,550. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.5. The peak price level was also seen at $21.5 while the days lowest was $20.71. Finally the shares closed at $20.99. The 52-week high of the shares is $29 while the 52-week low is $16.24. According to the latest information available, the market cap of the company is $325 M.

Several Insider Transactions has been reported to the SEC. On Jan 6, 2017, Luis S Paez (Chief Information Officer) sold 10,000 shares at $24.34 per share price.Also, On Dec 23, 2016, John F. Voith (President, Golf Division) sold 2,115 shares at $25.22 per share price.On Dec 9, 2016, Oscar Feldenkreis (CEO and President) sold 50,000 shares at $26.79 per share price, according to the Form-4 filing with the securities and exchange commission.

Perry Ellis International Inc. is an apparel company. The Company designs sources markets and licenses its products nationally and internationally at multiple price points and across retail distribution. The Company’s operating segments include Men’s Sportswear and Swim Women’s Sportswear Direct-to-Consumer and Licensing. The Men’s Sportswear and Swim and Women’s Sportswear segments derive revenues from the design import and distribution of apparel to department stores and other retail outlets across the United States. The Direct-to-Consumer segment derives its revenues from the sale of the Company’s branded and licensed products through the Company’s retail stores and e-commerce platform. The Licensing segment derives its revenues from royalties associated from the use of the Company’s brand names. The Company’s portfolio of brands include Axist Ben Hogan Cubavera Farah Grand Slam Laundry by Shelli Segal Manhattan Perry Ellis Rafaella and Savane among others.

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