Stage Stores Inc (SSI) Releases Earnings Results, Misses Expectations By $-0.10 EPS

Stage Stores Inc (SSI) reported quarterly earnings results on Thursday, May-19-2016. The company reported $-0.56 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $-0.46. The company posted revenue of $332.80 million in the period, compared to analysts expectations of $346.27 million. The company’s revenue was down -9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.27 EPS.

Stage Stores Inc opened for trading at $6.03 and hit $6.17 on the upside on Monday, eventually ending the session at $6.06, with a gain of 0.66% or 0.04 points. The heightened volatility saw the trading volume jump to 6,43,873 shares. Company has a market cap of $163 M.

In a different news, on Apr 11, 2016, Michael L Glazer (CEO) purchased 24,556 shares at $6.68 per share price. According to the SEC, on Dec 7, 2015, Diane Marie Ellis (director) purchased 2,000 shares at $7.65 per share price. On Nov 24, 2015, Alan J Barocas (director) purchased 7,500 shares at $6.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Stage Stores Inc. (Stage Stores) operates primarily in small and mid-sized towns and communities. Its stores which operate under the Bealls Goody’s Palais Royal Peebles and Stage names offer moderately priced nationally recognized brand name apparel accessories cosmetics and footwear for the entire family. The Company operates approximately 850 stores in 40 states.

Stage Stores Inc

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