Party City Holdco Inc (PRTY) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.19. The company posted revenue of $519.40 million in the period, compared to analysts expectations of $518.04 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Party City Holdco Inc. Company shares were Reiterated by Telsey Advisory Group on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on May 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .
Party City Holdco Inc closed down -0.11 points or -0.70% at $15.67 with 4,40,840 shares getting traded on Tusday. Post opening the session at $15.74, the shares hit an intraday low of $15.41 and an intraday high of $15.82 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
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 www.PartyCity.com. 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.