Childrens Place (NASDAQ:PLCE) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.07-2.17 for the period. The company issued revenue guidance of $547-552 million, compared to the consensus revenue estimate of $567.05 million.Childrens Place also updated its FY 2018 guidance to $7.69-7.79 EPS.
Shares of NASDAQ:PLCE opened at $106.67 on Friday. The company has a market cap of $2.02 billion, a PE ratio of 13.49, a P/E/G ratio of 1.85 and a beta of 0.17. Childrens Place has a twelve month low of $99.54 and a twelve month high of $161.65.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Thursday, December 6th. The company reported $3.07 earnings per share for the quarter, hitting the consensus estimate of $3.07. The business had revenue of $522.50 million during the quarter, compared to the consensus estimate of $511.19 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS. As a group, research analysts expect that Childrens Place will post 8.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.87%. Childrens Place’s dividend payout ratio is presently 25.28%.
PLCE has been the subject of several recent analyst reports. ValuEngine upgraded shares of Childrens Place from a hold rating to a buy rating in a research report on Wednesday, August 29th. Citigroup boosted their price objective on shares of Childrens Place from $145.00 to $154.00 and gave the stock a buy rating in a research report on Friday, August 24th. Monness Crespi & Hardt upgraded shares of Childrens Place from a neutral rating to a buy rating and set a $165.00 price objective for the company in a research report on Friday, August 24th. They noted that the move was a valuation call. BidaskClub upgraded shares of Childrens Place from a hold rating to a buy rating in a research report on Wednesday, August 22nd. Finally, B. Riley restated a buy rating on shares of Childrens Place in a research report on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $145.64.
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Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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