Revenue Update on Perry Ellis International(NASDAQ:PERY)

Perry Ellis International(NASDAQ:PERY) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $201.65M. Analysts estimated a revenue of $197.68M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.01.

In a different note, On Jun 21, 2016, Brean Capital said it Assumes its rating on Perry Ellis International. The shares have been rated ‘Buy’ by the firm. Sidoti & Co. said it Initiates Coverage on Perry Ellis International, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Buy’ by the firm.

Perry Ellis International (PERY) made into the market gainers list on Mondays trading session with the shares advancing 0.37% or 0.07 points. Due to strong positive momentum, the stock ended at $18.94, which is also near the day’s high of $19.07. The stock began the session at $18.85 and the volume stood at 81,370 shares. The 52-week high of the shares is $25.25 and the 52 week low is $15.73. The company has a current market capitalization of $295 M and it has 1,55,67,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, George Feldenkreis (Executive Chairman) sold 20,000 shares at $22.05 per share price.Also, On Jul 15, 2016, Oscar Feldenkreis (CEO and President) sold 25,000 shares at $21.97 per share price.On May 31, 2016, John F. Voith (President, Golf Division) sold 3,859 shares at $19.72 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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