Zacks: Brokerages Anticipate Chico’s (CHS) to Announce $0.26 Earnings Per Share

Analysts forecast that Chico’s (NYSE:CHS) will announce earnings per share (EPS) of $0.26 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Chico’s’ earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.23. Chico’s also posted earnings of $0.26 per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Wednesday, May 23rd.

On average, analysts expect that Chico’s will report full-year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.69 to $1.04. For the next financial year, analysts expect that the business will report earnings of $0.95 per share, with EPS estimates ranging from $0.69 to $1.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Chico’s.

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Chico’s (NYSE:CHS) last released its earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The firm had revenue of $587.78 million during the quarter, compared to analysts’ expectations of $579.75 million. Chico’s had a net margin of 4.43% and a return on equity of 13.79%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS.

Several equities analysts recently commented on CHS shares. Zacks Investment Research cut shares of Chico’s from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Morgan Stanley restated an “equal weight” rating and issued a $12.00 price objective (up previously from $11.00) on shares of Chico’s in a research note on Thursday, March 1st. SunTrust Banks restated a “buy” rating and issued a $13.00 price objective on shares of Chico’s in a research note on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and issued a $11.00 price objective on shares of Chico’s in a research note on Thursday, March 1st. Finally, ValuEngine cut shares of Chico’s from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Chico’s presently has a consensus rating of “Hold” and an average target price of $10.92.

NYSE:CHS traded up $0.16 during trading hours on Thursday, hitting $10.45. 222,609 shares of the company traded hands, compared to its average volume of 2,967,281. The stock has a market cap of $1,330.45, a P/E ratio of 15.41, a PEG ratio of 1.19 and a beta of 0.79. Chico’s has a twelve month low of $6.96 and a twelve month high of $14.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.93 and a quick ratio of 1.05.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from Chico’s’s previous quarterly dividend of $0.08. Chico’s’s dividend payout ratio (DPR) is 50.00%.

Several institutional investors have recently made changes to their positions in CHS. Russell Investments Group Ltd. increased its position in shares of Chico’s by 119.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 143,273 shares of the specialty retailer’s stock worth $1,282,000 after purchasing an additional 77,880 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Chico’s by 39.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 812,428 shares of the specialty retailer’s stock worth $7,272,000 after purchasing an additional 230,276 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Chico’s by 120.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 174,780 shares of the specialty retailer’s stock worth $1,543,000 after purchasing an additional 95,565 shares in the last quarter. Legal & General Group Plc increased its position in shares of Chico’s by 80.0% during the 3rd quarter. Legal & General Group Plc now owns 332,532 shares of the specialty retailer’s stock worth $2,975,000 after purchasing an additional 147,825 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Chico’s by 1.3% during the 3rd quarter. Wells Fargo & Company MN now owns 2,016,352 shares of the specialty retailer’s stock worth $18,046,000 after purchasing an additional 25,054 shares in the last quarter. Institutional investors and hedge funds own 99.46% of the company’s stock.

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Chico’s Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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Earnings History and Estimates for Chico`s (NYSE:CHS)

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