Zacks: Brokerages Anticipate Kirkland’s Home (KIRK) to Post -$0.09 EPS
Wall Street analysts expect Kirkland’s Home (NASDAQ:KIRK) to report earnings per share of ($0.09) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kirkland’s Home’s earnings. Kirkland’s Home also reported earnings per share of ($0.09) in the same quarter last year. The firm is expected to report its next earnings report on Tuesday, May 22nd.
According to Zacks, analysts expect that Kirkland’s Home will report full year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.50. For the next financial year, analysts anticipate that the company will report earnings of $0.57 per share, with EPS estimates ranging from $0.54 to $0.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Kirkland’s Home.
Kirkland’s Home (NASDAQ:KIRK) last released its earnings results on Friday, March 16th. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.01). The business had revenue of $224.61 million during the quarter, compared to analysts’ expectations of $223.59 million. Kirkland’s Home had a net margin of 0.84% and a return on equity of 4.59%. Kirkland’s Home’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 EPS.
In other news, insider W Michael Madden sold 15,000 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $10.05, for a total value of $150,750.00. Following the completion of the sale, the insider now owns 127,510 shares in the company, valued at $1,281,475.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of Kirkland’s Home by 68.0% in the third quarter. Wells Fargo & Company MN now owns 17,081 shares of the specialty retailer’s stock worth $195,000 after acquiring an additional 6,911 shares during the last quarter. IFC Holdings Incorporated FL acquired a new position in shares of Kirkland’s Home in the fourth quarter worth $229,000. Crossmark Global Holdings Inc. increased its stake in shares of Kirkland’s Home by 46.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 21,730 shares of the specialty retailer’s stock worth $260,000 after acquiring an additional 6,930 shares during the last quarter. Unison Advisors LLC acquired a new position in shares of Kirkland’s Home in the fourth quarter worth $274,000. Finally, Arizona State Retirement System acquired a new position in shares of Kirkland’s Home in the fourth quarter worth $322,000. Institutional investors own 94.73% of the company’s stock.
KIRK opened at $10.29 on Tuesday. The firm has a market capitalization of $161.49, a PE ratio of 27.08 and a beta of 1.10. Kirkland’s Home has a 12-month low of $8.17 and a 12-month high of $13.42.
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About Kirkland’s Home
Kirkland's, Inc operates as a specialty retailer of home décor and gifts in the United States. The company's stores provide various merchandise, including framed arts, mirrors, wall décors, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories, and artificial floral products.
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