Kirkland’s (NASDAQ:KIRK) Issues FY20 Earnings Guidance

Kirkland’s (NASDAQ:KIRK) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.00-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.18. Kirkland’s also updated its FY 2019 guidance to $0.00-0.15 EPS.

NASDAQ KIRK traded up $0.01 on Friday, hitting $2.26. 1,767,500 shares of the company were exchanged, compared to its average volume of 320,793. The company’s 50 day moving average price is $3.66. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 1.91. The company has a market cap of $32.14 million, a price-to-earnings ratio of 5.95 and a beta of 1.11. Kirkland’s has a twelve month low of $2.02 and a twelve month high of $12.26.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, June 6th. The specialty retailer reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.17). The business had revenue of $129.60 million during the quarter, compared to analyst estimates of $132.37 million. Kirkland’s had a negative net margin of 0.67% and a negative return on equity of 1.45%. Kirkland’s’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. Equities research analysts expect that Kirkland’s will post -0.44 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on KIRK. B. Riley set a $2.00 target price on Kirkland’s and gave the company a hold rating in a report on Friday, June 7th. TheStreet downgraded Kirkland’s from a c rating to a d rating in a report on Thursday, June 6th. Finally, Sidoti set a $9.00 target price on Kirkland’s and gave the company a buy rating in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Kirkland’s currently has a consensus rating of Hold and a consensus price target of $7.67.

In other news, CEO Steven C. Woodward purchased 42,918 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $2.36 per share, with a total value of $101,286.48. Following the purchase, the chief executive officer now owns 167,954 shares in the company, valued at approximately $396,371.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Pleas III purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $2.39 per share, with a total value of $239,000.00. Following the purchase, the director now owns 112,000 shares in the company, valued at approximately $267,680. The disclosure for this purchase can be found here. Insiders own 1.90% 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, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.

Read More: What is dividend yield?

Earnings History and Estimates for Kirkland`s (NASDAQ:KIRK)

Receive News & Ratings for Kirkland's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland's and related companies with MarketBeat.com's FREE daily email newsletter.