Party City Holdco Inc (PRTY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Party City Holdco Inc (PRTY) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.03. The company posted revenue of $457.70 million in the period, compared to analysts expectations of $464.20 million. The company’s revenue was down -1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Many Wall Street Analysts have commented on Party City Holdco Inc. Barclays Initiated Party City Holdco Inc on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $16.Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .Company shares were Reiterated by Telsey Advisory Group on Mar 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

Party City Holdco Inc opened for trading at $14.35 and hit $14.56 on the upside on Tuesday, eventually ending the session at $14.51, with a gain of 1.33% or 0.19 points. The heightened volatility saw the trading volume jump to 2,77,310 shares. Company has a market cap of $1,731 M.

In a different news, on Mar 15, 2016, Norman S Matthews (director) purchased 38,000 shares at $12.86 per share price. According to the SEC, on Nov 23, 2015, Gregg A Melnick (President) purchased 8,300 shares at $12.23 per share price. On Nov 17, 2015, James M Harrison (CEO) purchased 10,000 shares at $12.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Party City Holdco Inc. is a designer manufacturer and distributor of decorated party supplies. The Company operates in two segments: Retail and Wholesale. The Company through Retail segment engages in the sale of merchandise through party goods stores and online through its e-commerce Websites including The Company through Wholesale segment engages in the sale of Amscan Designware Anagram Costumes USA and other party supplies. Its tableware products include plastic plates paper plates plastic cups and paper cups among others. The Company’s favors stationery and other products include party favors gift bags gift wrap invitations bows and stationery. Its decorations products include latex balloons pinatas crepes and flags and banners among others. The Company’s metallic balloons products include bouquets standard 18 inch sing-a-tune supershapes and weights. Its Costumes and Accessories products include costumes other wearables and wigs.

Party City Holdco Inc

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