Analysts Anticipate Childrens Place Inc (NASDAQ:PLCE) Will Post Earnings of $3.11 Per Share

Equities analysts expect Childrens Place Inc (NASDAQ:PLCE) to announce $3.11 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Childrens Place’s earnings. The lowest EPS estimate is $3.00 and the highest is $3.42. Childrens Place posted earnings per share of $3.07 in the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The firm is expected to issue its next earnings results on Thursday, December 5th.

On average, analysts expect that Childrens Place will report full year earnings of $5.72 per share for the current financial year, with EPS estimates ranging from $5.39 to $6.00. For the next year, analysts expect that the firm will report earnings of $7.90 per share, with EPS estimates ranging from $6.66 to $9.01. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Childrens Place.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Childrens Place had a net margin of 3.60% and a return on equity of 26.03%. The business had revenue of $420.50 million for the quarter, compared to analysts’ expectations of $428.28 million. During the same quarter last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year.

Several equities analysts recently weighed in on PLCE shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $126.00 price target (up previously from $100.00) on shares of Childrens Place in a research report on Monday, May 13th. Wedbush set a $130.00 price target on shares of Childrens Place and gave the company a “buy” rating in a research report on Friday, June 21st. Monness Crespi & Hardt dropped their price target on shares of Childrens Place from $128.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Bank of America set a $115.00 price target on shares of Childrens Place and gave the company a “hold” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $116.00.

NASDAQ PLCE traded down $3.52 during trading hours on Friday, hitting $78.45. The company’s stock had a trading volume of 1,223,889 shares, compared to its average volume of 1,068,664. Childrens Place has a 52 week low of $70.43 and a 52 week high of $160.23. The company has a market capitalization of $1.30 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83. The company has a current ratio of 0.77, a quick ratio of 0.22 and a debt-to-equity ratio of 1.37. The company’s 50-day simple moving average is $90.81 and its two-hundred day simple moving average is $96.19.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.24 annualized dividend and a yield of 2.86%. Childrens Place’s dividend payout ratio (DPR) is 33.19%.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Childrens Place by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock worth $68,708,000 after purchasing an additional 6,015 shares during the period. Norges Bank acquired a new stake in shares of Childrens Place during the fourth quarter worth $22,982,000. Geode Capital Management LLC raised its position in shares of Childrens Place by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 197,421 shares of the company’s stock worth $17,784,000 after purchasing an additional 10,995 shares during the period. Deutsche Bank AG raised its position in shares of Childrens Place by 43.7% during the fourth quarter. Deutsche Bank AG now owns 62,680 shares of the company’s stock worth $5,645,000 after purchasing an additional 19,067 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in shares of Childrens Place during the first quarter worth $201,000.

About Childrens Place

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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