Wall Street brokerages expect Kirkland’s, Inc. (NASDAQ:KIRK) to announce earnings of $1.11 per share for the current quarter, according to Zacks. Two analysts have made estimates for Kirkland’s’ earnings. The lowest EPS estimate is $1.06 and the highest is $1.15. Kirkland’s reported earnings of $0.79 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 40.5%. The firm is expected to report its next earnings report on Friday, March 15th.
On average, analysts expect that Kirkland’s will report full-year earnings of $0.50 per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $0.55 per share, with EPS estimates ranging from $0.54 to $0.55. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, November 29th. The specialty retailer reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. Kirkland’s had a net margin of 0.38% and a return on equity of 3.32%. The business had revenue of $154.60 million for the quarter, compared to analyst estimates of $152.93 million. During the same period last year, the business earned ($0.15) EPS. The company’s revenue was up 6.6% on a year-over-year basis.
A number of brokerages have recently weighed in on KIRK. B. Riley set a $16.00 price objective on shares of Kirkland’s and gave the company a “buy” rating in a report on Friday, November 30th. ValuEngine upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating in a report on Friday, November 30th. Finally, Zacks Investment Research lowered shares of Kirkland’s from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th.
Shares of KIRK opened at $9.62 on Friday. Kirkland’s has a twelve month low of $6.78 and a twelve month high of $13.48. The firm has a market capitalization of $152.30 million, a PE ratio of 39.42 and a beta of 0.96.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC grew its position in shares of Kirkland’s by 718.5% in the 2nd quarter. Advisors Preferred LLC now owns 10,510 shares of the specialty retailer’s stock valued at $122,000 after buying an additional 9,226 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Kirkland’s in the 2nd quarter valued at $158,000. Bailard Inc. purchased a new position in shares of Kirkland’s in the 2nd quarter valued at $219,000. First Trust Advisors LP purchased a new position in shares of Kirkland’s in the 3rd quarter valued at $240,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Kirkland’s in the 3rd quarter valued at $599,000. Institutional investors and hedge funds own 97.15% of the company’s stock.
Kirkland’s Company Profile
Kirkland’s, Inc operates as a specialty retailer of home décor in the United States. The company’s stores provide various merchandise, including holiday décor, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.
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