CPI Corp. (CPY) Posts Quarterly Earnings Results, Misses Estimates By $0.51 EPS
Wednesday, August 31, 2021 9:35 AM

CPI Corp. (CPY) announced its quarterly results on Wednesday. The company reported ($0.89) earnings per share for the quarter, missing the Thomson Reuters consensus estimate of ($0.38) by $0.51. The company’s quarterly revenue was down 7.2% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research upgraded shares of CPI Corp. from an "underperform" rating to a "neutral" rating in a research note to investors on Monday, August 8th.

Shares of CPI Corp. (CPY) opened at 9.82 on Wednesday. CPI Corp. (CPY) has a 52 week low of $8.14 and a 52 week high of $31.00. The stock's 50-day moving average is $10.74 and its 200-day moving average is $15.97. The company has a market cap of $69.1 million and a price-to-earnings ratio of 11.51.

CPI Corp. (CPI) is engaged in the professional portrait photography of young children, individuals and families. As of February 6, 2022 it has 2,935 studios throughout the United States, Canada, Mexico and Puerto Rico. The Company provides professional portrait photography for Sears’ customers. It is also is the operator of portrait studios in Walmart Stores and Supercenters in all fifty states in the United States, Canada, Mexico and Puerto Rico. The Company’s portrait studio brands offers customers a range of differentiated portrait products, portrait choices, ordering options and service offerings with digital capabilities. The operations acquired in the Portrait Corporation of America (PCA) acquisition are operating within CPI Corp. under the trade names PictureMe Portrait Studio in the United States, Walmart Portrait Studios in Canada and Estudios Fotografia de Walmart in Mexico, collectively PMPS.

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