Pep Boys (PBY) Stock Gaining in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Shares of Pep Boys-Manny, Moe & Jack  (PBY) are higher by 5.49% to $11.15 in after-hours trading on Monday afternoon, following the release of the company's fiscal 2015 first quarter earnings results. The company's financial results were better than analysts had expected for the period.

Pep Boys reported sales for this quarter of $542.3 million, up 0.6% from $538.8 million from the same quarter last year.

The company reported net earnings of $11.9 million, or 22 cents per share, compared to net earnings of $1.5 million or 3 cents per share in the same period last year.

"Once again, tires, commercial, fleet and digital led the way. More importantly, we improved our operating profit by 24% by maintaining our gross profit margins and reducing SG&A expense," Interim CEO John Sweetwood said.

Separately, TheStreet Ratings team rates PEP BOYS-MANNY MOE & JACK as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate PEP BOYS-MANNY MOE & JACK (PBY) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."

You can view the full analysis from the report here: PBY Ratings Report

 PBY ChartPBY data by YCharts

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