Zacks: Brokerages Anticipate Childrens Place Inc (PLCE) to Announce -$0.60 Earnings Per Share
Brokerages expect Childrens Place Inc (NASDAQ:PLCE) to post ($0.60) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Childrens Place’s earnings. The lowest EPS estimate is ($0.70) and the highest is ($0.53). Childrens Place reported earnings of $1.87 per share in the same quarter last year, which would suggest a negative year over year growth rate of 132.1%. The business is scheduled to announce its next earnings results on Thursday, May 16th.
On average, analysts expect that Childrens Place will report full-year earnings of $5.68 per share for the current fiscal year, with EPS estimates ranging from $5.27 to $6.08. For the next fiscal year, analysts expect that the company will report earnings of $8.46 per share, with EPS estimates ranging from $7.01 to $10.26. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Childrens Place.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Monday, March 4th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.00). The company had revenue of $530.56 million for the quarter, compared to the consensus estimate of $553.06 million. Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The firm’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.52 EPS.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Childrens Place by 2.3% in the third quarter. BlackRock Inc. now owns 2,336,783 shares of the company’s stock valued at $298,641,000 after purchasing an additional 51,966 shares during the period. FMR LLC lifted its position in Childrens Place by 27.9% in the fourth quarter. FMR LLC now owns 1,278,870 shares of the company’s stock valued at $115,212,000 after acquiring an additional 278,872 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Childrens Place by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after acquiring an additional 6,015 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Childrens Place by 7.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 457,978 shares of the company’s stock valued at $41,259,000 after acquiring an additional 33,422 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Childrens Place by 59.2% in the third quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock valued at $54,948,000 after acquiring an additional 159,830 shares during the last quarter.
PLCE traded up $0.66 during midday trading on Wednesday, hitting $102.54. 589,999 shares of the company were exchanged, compared to its average volume of 751,147. The company has a market capitalization of $1.57 billion, a P/E ratio of 15.19, a P/E/G ratio of 2.20 and a beta of 0.63. Childrens Place has a 1-year low of $82.05 and a 1-year high of $160.23.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.18%. This is a positive change from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, April 12th. Childrens Place’s dividend payout ratio (DPR) is 29.63%.
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.
Recommended Story: Average Daily Trade Volume – What It Means In Stock Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.