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.

A number of research firms have recently commented on PLCE. ValuEngine upgraded Childrens Place from a “sell” rating to a “hold” rating in a research report on Saturday, March 30th. BidaskClub upgraded Childrens Place from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America restated a “neutral” rating and set a $105.00 target price (up from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. Wedbush dropped their target price on Childrens Place from $165.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 6th. Finally, Citigroup cut Childrens Place from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $97.00 in a report on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Childrens Place has a consensus rating of “Buy” and an average price target of $119.86.

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

Get a free copy of the Zacks research report on Childrens Place (PLCE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.