PLBY Group (PLBY) to Release Quarterly Earnings on Tuesday

PLBY Group (NASDAQ:PLBY – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

PLBY Group (NASDAQ:PLBY – Get Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported ($1.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($1.36). The firm had revenue of $95.70 million during the quarter, compared to analyst estimates of $82.96 million. PLBY Group had a negative net margin of 32.33% and a negative return on equity of 15.12%. The company’s quarterly revenue was up 106.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. On average, analysts expect PLBY Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of PLBY Group stock opened at $9.42 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 1.18. The business has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $21.69. PLBY Group has a fifty-two week low of $8.75 and a fifty-two week high of $63.04.

PLBY has been the subject of several research analyst reports. Loop Capital cut their price objective on PLBY Group from $50.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. Zacks Investment Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a report on Saturday, March 5th. Canaccord Genuity Group reduced their target price on PLBY Group from $47.00 to $36.00 in a report on Wednesday, March 2nd. Chardan Capital reduced their target price on PLBY Group from $49.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 target price (down from $36.00) on shares of PLBY Group in a report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $39.44.

In related news, Director Tracey E. Edmonds sold 14,993 shares of the company’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $14.48, for a total transaction of $217,098.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Florus Beuting sold 7,630 shares of the company’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $14.45, for a total value of $110,253.50. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 54,280 shares of company stock worth $833,171 and have sold 321,059 shares worth $4,885,721.

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its position in PLBY Group by 33.7% in the 4th quarter. Cetera Investment Advisers now owns 17,349 shares of the company’s stock worth $462,000 after purchasing an additional 4,375 shares during the last quarter. Penserra Capital Management LLC increased its position in PLBY Group by 792.3% in the 4th quarter. Penserra Capital Management LLC now owns 15,946 shares of the company’s stock worth $424,000 after purchasing an additional 14,159 shares during the last quarter. Legal & General Group Plc increased its position in PLBY Group by 7.5% in the 4th quarter. Legal & General Group Plc now owns 13,501 shares of the company’s stock worth $359,000 after purchasing an additional 939 shares during the last quarter. Morgan Stanley acquired a new position in PLBY Group in the 1st quarter worth about $356,000. Finally, The Manufacturers Life Insurance Company increased its position in PLBY Group by 7.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 13,192 shares of the company’s stock worth $351,000 after purchasing an additional 910 shares during the last quarter.

PLBY Group Company Profile (Get Rating)

PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as products that enhance sexual experience, lingerie, bedroom accessories, intimates, and adult content; style and apparel products for men and women; gaming and lifestyle products, including digital casino and social games, and other home and hospitality offerings; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.

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