Childrens Place (PLCE) Issues FY18 Earnings Guidance
Childrens Place (NASDAQ:PLCE) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $7.83-7.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.53. Childrens Place also updated its Q4 guidance to $2.45-2.50 EPS.
Childrens Place (NASDAQ:PLCE) opened at $149.75 on Wednesday. The firm has a market cap of $2,600.00, a price-to-earnings ratio of 21.24, a PEG ratio of 2.19 and a beta of 0.31. Childrens Place has a one year low of $92.95 and a one year high of $153.40.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The business had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $480.28 million. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 EPS. analysts expect that Childrens Place will post 7.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Tuesday, December 12th. Childrens Place’s dividend payout ratio is presently 22.70%.
Several research analysts have recently weighed in on PLCE shares. FBR & Co reiterated a buy rating and set a $127.00 price target on shares of Childrens Place in a research note on Monday, October 2nd. Buckingham Research lifted their price target on shares of Childrens Place from $139.00 to $144.00 and gave the stock a buy rating in a research note on Thursday, November 16th. BidaskClub upgraded shares of Childrens Place from a buy rating to a strong-buy rating in a research report on Wednesday, December 6th. B. Riley set a $130.00 price objective on shares of Childrens Place and gave the company a buy rating in a research report on Wednesday, November 15th. Finally, BMO Capital Markets restated a hold rating and set a $112.00 price objective on shares of Childrens Place in a research report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Childrens Place currently has an average rating of Buy and a consensus price target of $139.15.
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About Childrens Place
The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.
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